Montero Mining and Exploration (CVE:MON) Stock Price Up 89.5% – Should You Buy?

Shares of Montero Mining and Exploration Ltd. (CVE:MON) were up 89.5% on Friday . The stock traded as high as C$0.60 and last traded at C$0.54. Approximately 942,284 shares were traded during trading, an increase of 1,755% from the average daily volume of 50,796 shares. The stock had previously closed at C$0.29.

Montero Mining and Exploration Trading Up 89.5%

The business has a 50 day simple moving average of C$0.28 and a 200-day simple moving average of C$0.78. The stock has a market capitalization of C$4.51 million, a price-to-earnings ratio of 0.24 and a beta of 1.52. The company has a debt-to-equity ratio of 494.64, a current ratio of 0.10 and a quick ratio of 0.02.

Montero Mining and Exploration Company Profile

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.