Montero Mining and Exploration Ltd. (CVE:MON – Get Free Report) dropped 8% during mid-day trading on Wednesday. The company traded as low as C$0.46 and last traded at C$0.46. Approximately 5,000 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 19,400 shares. The stock had previously closed at C$0.50.
Montero Mining and Exploration Stock Performance
The company has a market cap of C$3.89 million, a PE ratio of -3.54 and a beta of 2.28. The stock has a 50 day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.60. 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
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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