Montero Mining and Exploration (CVE:MON) Shares Up 3.3% – What’s Next?

Shares of Montero Mining and Exploration Ltd. (CVE:MON) rose 3.3% during mid-day trading on Friday . The stock traded as high as C$0.32 and last traded at C$0.32. Approximately 65,774 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 53,137 shares. The stock had previously closed at C$0.31.

Montero Mining and Exploration Stock Performance

The firm has a market cap of C$15.79 million, a P/E ratio of -15.75 and a beta of 1.45. 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 business’s 50-day simple moving average is C$0.31 and its 200 day simple moving average is C$0.30.

About Montero Mining and Exploration

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.