Comet Industries (CVE:CMU) Shares Down 5.6% – What’s Next?

Comet Industries Ltd. (CVE:CMU)’s stock price dropped 5.6% during mid-day trading on Monday . The company traded as low as C$4.24 and last traded at C$4.25. Approximately 2,600 shares changed hands during trading, a decline of 21% from the average daily volume of 3,312 shares. The stock had previously closed at C$4.50.

Comet Industries Stock Down 5.6 %

The firm has a market capitalization of C$19.85 million, a P/E ratio of 2.54 and a beta of -0.25. The company has a fifty day simple moving average of C$4.25 and a 200 day simple moving average of C$4.32. The company has a quick ratio of 6.63, a current ratio of 7.44 and a debt-to-equity ratio of 0.52.

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.