Coppernico Metals (OTCMKTS:CPPMF) Shares Down 1.6% – Here’s Why

Coppernico Metals Inc (OTCMKTS:CPPMF)’s stock price was down 1.6% during mid-day trading on Thursday . The company traded as low as $0.2019 and last traded at $0.2113. Approximately 176,831 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 174,061 shares. The stock had previously closed at $0.2148.

Coppernico Metals Price Performance

The company’s 50-day simple moving average is $0.25 and its 200 day simple moving average is $0.28. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $45.30 million, a price-to-earnings ratio of 2.35 and a beta of 2.01.

About Coppernico Metals

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia. Copper Mountain Mining Corporation was incorporated in 2006 and is headquartered in Vancouver, Canada.