Canterra Minerals (CVE:CTM) Stock Price Down 9.7% – What’s Next?

Canterra Minerals Co. (CVE:CTM – Get Free Report) shares were down 9.7% on Thursday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 212,505 shares were traded during trading, a decline of 53% from the average daily volume of 450,180 shares. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

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

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Canterra Minerals Stock Performance

The business’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.19. The stock has a market cap of C$56.97 million, a PE ratio of -14.50 and a beta of 3.23.

Canterra Minerals Company Profile

(Get Free Report)

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.

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