Canada Carbon (CVE:CCB) Trading Down 33.3% – Should You Sell?

Shares of Canada Carbon Inc. (CVE:CCB) dropped 33.3% during mid-day trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 1,050,254 shares were traded during mid-day trading, an increase of 358% from the average daily volume of 229,531 shares. The stock had previously closed at C$0.02.

Canada Carbon Stock Down 33.3%

The business has a 50-day moving average price of C$0.01 and a 200-day moving average price of C$0.02. The firm has a market capitalization of C$2.05 million, a PE ratio of -1.00 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.