Comet Industries Ltd. (CVE:CMU – Get Free Report) shares dropped 9.1% during mid-day trading on Tuesday. The stock traded as low as C$5.00 and last traded at C$5.00. 200 shares were traded during mid-day trading, a decline of 95% from the average session volume of 3,966 shares. The stock had previously closed at C$5.50.
Comet Industries Stock Performance
The stock has a market cap of C$23.98 million, a price-to-earnings ratio of -45.45 and a beta of -0.15. The company has a current ratio of 1.42, a quick ratio of 6.63 and a debt-to-equity ratio of 17.39. The stock’s 50-day simple moving average is C$5.50 and its 200-day simple moving average is C$5.73.
About Comet Industries
Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.
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