Montero Mining and Exploration (CVE:MON) Trading 6.7% Higher – Here’s Why

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report)’s share price traded up 6.7% during mid-day trading on Friday . The stock traded as high as C$0.48 and last traded at C$0.48. 148,752 shares changed hands during trading, an increase of 369% from the average session volume of 31,688 shares. The stock had previously closed at C$0.45.

Montero Mining and Exploration Stock Up 6.7%

The stock has a market cap of C$4.01 million, a price-to-earnings ratio of 0.21 and a beta of 2.33. The business has a fifty day moving average of C$0.44 and a 200 day moving average of C$0.36. The company has a debt-to-equity ratio of 494.64, a current ratio of 0.10 and a quick ratio of 0.02.

About Montero Mining and Exploration

(Get Free Report)

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.

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