Montero Mining and Exploration (CVE:MON) Trading 6.7% Higher – Here’s Why

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report)’s share price shot up 6.7% during trading on Friday . The company traded as high as C$0.48 and last traded at C$0.48. 148,752 shares changed hands during trading, an increase of 369% from the average session volume of 31,688 shares. The stock had previously closed at C$0.45.

Montero Mining and Exploration Price Performance

The firm has a 50-day simple moving average of C$0.44 and a 200-day simple moving average of C$0.36. The firm has a market capitalization of C$4.01 million, a PE ratio of 0.21 and a beta of 2.33. 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

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Montero Mining and Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montero Mining and Exploration and related companies with MarketBeat.com's FREE daily email newsletter.