Canada Carbon (CVE:CCB) Stock Price Down 50% – Should You Sell?

Shares of Canada Carbon Inc. (CVE:CCB) dropped 50% during mid-day trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 395,010 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 207,298 shares. The stock had previously closed at C$0.01.

Canada Carbon Price Performance

The business has a fifty day moving average price of C$0.01 and a 200 day moving average price of C$0.01. The company has a market capitalization of C$1.03 million, a price-to-earnings ratio of -0.50 and a beta of 0.69.

Canada Carbon Company Profile

Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.