Mint (CVE:MIT) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

The Mint Co. (CVE:MIT)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.03 and traded as low as C$0.03. Mint shares last traded at C$0.03, with a volume of 12,000 shares trading hands.

Mint Stock Performance

The firm has a market capitalization of C$7.08 million, a price-to-earnings ratio of -3.00 and a beta of 0.36. The company has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The company has a quick ratio of 3.38, a current ratio of 1.46 and a debt-to-equity ratio of 78.57.

Mint Company Profile

The Mint Corporation, through its subsidiaries, provides vertically integrated prepaid card and payroll services primarily in the Middle East. It manages the issuance, administration, customer support, payment processing, set-up, sponsorship, and regulated reporting of cards and related activities to government authorities. It offers its solutions through a network of ATMs, payment processing platforms, and branded card products. The company was formerly known as Mint Technology Corp. and changed its name to The Mint Corporation in August 2013.