Montero Mining and Exploration (CVE:MON) Shares Down 22.7% – What’s Next?

Montero Mining and Exploration Ltd. (CVE:MON)’s share price fell 22.7% during mid-day trading on Tuesday . The company traded as low as C$0.41 and last traded at C$0.43. 228,002 shares traded hands during mid-day trading, an increase of 328% from the average session volume of 53,254 shares. The stock had previously closed at C$0.55.

Montero Mining and Exploration Stock Performance

The stock has a market capitalization of C$3.55 million, a PE ratio of 0.19 and a beta of 1.04. The company has a debt-to-equity ratio of 494.64, a current ratio of 0.10 and a quick ratio of 0.02. The business’s fifty day moving average price is C$0.29 and its 200-day moving average price is C$0.78.

Montero Mining and Exploration Company Profile

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. It holds a 100% interest in the Avispa CopperMolybdenum Project that covers an area of 459 square kilometers located in the Atacama Desert of northern Chile.