Comet Industries (CVE:CMU) Hits New 12-Month High – Here’s Why

Comet Industries Ltd. (CVE:CMU) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$5.85 and last traded at C$5.85, with a volume of 500 shares traded. The stock had previously closed at C$4.95.

Comet Industries Stock Performance

The stock’s 50-day moving average is C$3.96 and its 200-day moving average is C$4.07. The stock has a market cap of C$26.37 million, a price-to-earnings ratio of -36.67 and a beta of -0.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 401.62 and a quick ratio of 6.63.

About Comet Industries

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.