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

Montero Mining and Exploration Ltd. (CVE:MON) shares were down 3.2% on Thursday . The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 266,200 shares traded hands during 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 Stock Down 3.2 %

The company has a debt-to-equity ratio of 494.64, a current ratio of 0.10 and a quick ratio of 0.02. The stock’s fifty day simple moving average is C$0.30 and its 200-day simple moving average is C$0.28. The stock has a market cap of C$15.04 million, a P/E ratio of -15.00 and a beta of 1.45.

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.