Montero Mining and Exploration (CVE:MON) Shares Down 2.4% – Here’s What Happened

Montero Mining and Exploration Ltd. (CVE:MON)’s stock price traded down 2.4% on Friday. The company traded as low as C$0.40 and last traded at C$0.40. 1,250 shares were traded during trading, a decline of 93% from the average session volume of 18,694 shares. The stock had previously closed at C$0.41.

Montero Mining and Exploration Trading Down 2.4%

The business has a fifty day moving average of C$0.53 and a 200-day moving average of C$0.60. The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10. The company has a market capitalization of C$4.47 million, a P/E ratio of -3.08 and a beta of 3.00.

Insiders Place Their Bets

In other Montero Mining and Exploration news, Director Antony Harwood acquired 363,637 shares of the company’s stock in a transaction on Thursday, October 8th. The shares were purchased at an average cost of C$0.55 per share, with a total value of C$200,000.35. Following the completion of the purchase, the director owned 1,140,683 shares of the company’s stock, valued at approximately C$627,375.65. This represents a 46.80% increase in their ownership of the stock. Insiders own 13.48% of the company’s stock.

Montero Mining and Exploration Company Profile

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.