Canada Carbon (CVE:CCB) Shares Down 50% – Here’s Why

Canada Carbon Inc. (CVE:CCB) shares fell 50% on Thursday . The company traded as low as C$0.01 and last traded at C$0.01. 451,200 shares traded hands during trading, an increase of 43% from the average session volume of 315,126 shares. The stock had previously closed at C$0.01.

Canada Carbon Stock Performance

The firm has a market capitalization of C$2.42 million, a PE ratio of -0.50 and a beta of 1.68. The business’s 50 day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01.

Canada Carbon Company Profile

Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec. The company was formerly known as Bolero Resources Corp.