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

Montero Mining and Exploration Ltd. (CVE:MON) dropped 22.7% on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.43. Approximately 228,002 shares traded hands during mid-day 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 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 current ratio of 0.10, a quick ratio of 0.02 and a debt-to-equity ratio of 494.64. The business has a fifty day simple moving average of C$0.29 and a 200 day simple moving average of C$0.78.

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.