Montero Mining and Exploration (CVE:MON) Trading 1.6% Higher – Here’s What Happened

Montero Mining and Exploration Ltd. (CVE:MON)’s stock price rose 1.6% on Tuesday . The company traded as high as C$0.66 and last traded at C$0.65. Approximately 23,042 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 40,081 shares. The stock had previously closed at C$0.64.

Montero Mining and Exploration Stock Performance

The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10. The business’s 50-day moving average is C$0.48 and its 200-day moving average is C$0.39. The company has a market capitalization of C$5.93 million, a PE ratio of 0.32 and a beta of 2.99.

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. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.