Comet Industries (CVE:CMU) Hits New 52-Week High – Should You Buy?

Comet Industries Ltd. (CVE:CMU) reached a new 52-week high during trading on Tuesday . The company traded as high as C$6.35 and last traded at C$6.35, with a volume of 446 shares. The stock had previously closed at C$6.25.

Comet Industries Stock Down 1.6%

The company has a market capitalization of C$29.97 million, a P/E ratio of -41.67 and a beta of -0.70. The company has a debt-to-equity ratio of 0.73, a quick ratio of 6.63 and a current ratio of 401.62. The stock has a 50 day moving average price of C$4.25 and a 200 day moving average price of C$4.15.

Comet Industries Company Profile

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia. In addition, the company holds, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada.