Century Global Commodities (TSE:CNT) Shares Down 29% – Here’s What Happened

Century Global Commodities Co. (TSE:CNT) traded down 29% on Friday . The stock traded as low as C$0.11 and last traded at C$0.11. 291,706 shares traded hands during trading, an increase of 291% from the average daily volume of 74,523 shares. The stock had previously closed at C$0.15.

Century Global Commodities Stock Performance

The company has a market cap of C$11.82 million, a price-to-earnings ratio of -10.00 and a beta of -0.80. The company has a current ratio of 2.75, a quick ratio of 3.85 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04.

Century Global Commodities (TSE:CNT) last released its earnings results on Friday, June 26th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$3.11 million during the quarter. Century Global Commodities had a negative net margin of 5.29% and a negative return on equity of 4.38%.

About Century Global Commodities

Century Global Commodities Corp is a diversified company and primarily engaged in exploration and mining activities with assets in the Provinces of Newfoundland and Labrador, and Quebec, Canada. It also has operations in the distribution of food in China. Its segments include the Mining segment, which engages in the exploration and development of mineral projects in Canada and the investment in global mining securities; the Food segment, which engages in the distribution of food and the provision of food service in Hong Kong and Mainland China; and the Corporate segment, which mainly represents the group’s corporate and managerial functions.