Mint (CVE:MIT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of The Mint Co. (CVE:MITGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.03 and traded as low as C$0.03. Mint shares last traded at C$0.03, with a volume of 12,000 shares trading hands.

Mint Price Performance

The business’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.03. The company has a quick ratio of 3.38, a current ratio of 1.46 and a debt-to-equity ratio of 78.57. The company has a market capitalization of C$7.08 million, a P/E ratio of -3.00 and a beta of 0.36.

About Mint

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The Mint Corporation, through its subsidiaries, provides vertically integrated prepaid card and payroll services primarily in the Middle East. It manages the issuance, administration, customer support, payment processing, set-up, sponsorship, and regulated reporting of cards and related activities to government authorities. It offers its solutions through a network of ATMs, payment processing platforms, and branded card products. The company was formerly known as Mint Technology Corp. and changed its name to The Mint Corporation in August 2013.

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