Canterra Minerals (CVE:CTM) Trading Down 13.8% – Time to Sell?

Canterra Minerals Co. (CVE:CTM) shares traded down 13.8% during mid-day trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. 260,433 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 428,026 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised shares of Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

Canterra Minerals Stock Down 10.3%

The stock has a market cap of C$51.08 million, a price-to-earnings ratio of -13.00 and a beta of 3.58. The stock has a fifty day moving average of C$0.18 and a two-hundred day moving average of C$0.19.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.