Montero Mining and Exploration (CVE:MON) Shares Down 22.7% – Here’s What Happened

Shares of Montero Mining and Exploration Ltd. (CVE:MON) traded down 22.7% during mid-day trading on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.43. 228,002 shares were traded during mid-day trading, an increase of 328% from the average session volume of 53,254 shares. The stock had previously closed at C$0.55.

Montero Mining and Exploration Price Performance

The business has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.78. The stock has a market capitalization of C$3.55 million, a P/E ratio of 0.19 and a beta of 1.04. The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10.

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.