Montero Mining and Exploration (CVE:MON) Stock Price Down 3.2% – Here’s Why

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report) was down 3.2% during trading on Thursday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 266,200 shares traded hands during mid-day trading, an increase of 85% from the average daily volume of 144,075 shares. The stock had previously closed at C$0.31.

Montero Mining and Exploration Trading Down 3.2 %

The firm has a market capitalization of C$15.04 million, a price-to-earnings ratio of -15.00 and a beta of 1.45. The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64. The firm’s 50 day moving average is C$0.30 and its 200 day moving average is C$0.28.

About Montero Mining and Exploration

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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.

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