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

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

Montero Mining and Exploration Stock Performance

The company has a 50-day moving average of C$0.29 and a 200 day moving average of C$0.78. The company has a quick ratio of 0.02, a current ratio of 0.10 and a debt-to-equity ratio of 494.64. The firm has a market capitalization of C$3.55 million, a PE ratio of 0.19 and a beta of 1.04.

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.