BTU Metals (CVE:BTU) Stock Price Down 18.2% – Here’s What Happened

BTU Metals Corp. (CVE:BTUGet Free Report)’s stock price dropped 18.2% during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 138,720 shares changed hands during trading, an increase of 32% from the average daily volume of 105,080 shares. The stock had previously closed at C$0.06.

BTU Metals Trading Down 18.2%

The company has a quick ratio of 3.74, a current ratio of 26.91 and a debt-to-equity ratio of 5.14. The stock has a market capitalization of C$6.68 million, a P/E ratio of -3.00 and a beta of 1.81. The firm’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04.

BTU Metals Company Profile

(Get Free Report)

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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