GMV Minerals (CVE:GMV) Stock Price Down 6.1% – Here’s What Happened

GMV Minerals Inc. (CVE:GMV) shares fell 6.1% on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23. 337,014 shares traded hands during trading, a decline of 47% from the average session volume of 634,191 shares. The stock had previously closed at C$0.25.

GMV Minerals Trading Down 6.1%

The stock’s 50-day simple moving average is C$0.24 and its 200-day simple moving average is C$0.25. The firm has a market capitalization of C$28.18 million, a P/E ratio of -11.50 and a beta of 1.99.

GMV Minerals Company Profile

GMV Minerals Inc, an exploration stage company, engages in the sourcing and exploration of mineral properties in the United States. It primarily explores for gold and lithium deposits. The company holds a 100% interest in the Mexican Hat Gold Project that consists of 42 unpatented lode mining claims covering an area of approximately 4,800 acres located in Cochise County, Arizona. It also holds interest in the Daisy Creek Lithium project, consisting of eighty-two lode claims covering an area of 18 square miles and located in Lander County, north-central Nevada.