Montero Mining and Exploration (CVE:MON) Stock Price Down 22.7% – What’s Next?

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

Montero Mining and Exploration Price Performance

The firm has a 50 day moving average price of C$0.29 and a 200 day moving average price of C$0.78. The stock has a market cap of C$3.55 million, a P/E ratio of 0.19 and a beta of 1.04. The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64.

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.