Canterra Minerals (CVE:CTM) Stock Price Down 9.7% – Here’s Why

Canterra Minerals Co. (CVE:CTM) dropped 9.7% during mid-day trading on Thursday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 212,505 shares traded hands during trading, a decline of 53% from the average daily volume of 450,180 shares. The stock had previously closed at C$0.16.

Wall Street Analyst Weigh In

Separately, Atrium Research raised shares of Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Canterra Minerals Stock Performance

The company has a market capitalization of C$55.01 million, a PE ratio of -14.00 and a beta of 3.58. The business’s 50-day moving average is C$0.19 and its 200-day moving average is C$0.19.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.