Montero Mining and Exploration (CVE:MON) Trading Up 4.9% – Time to Buy?

Montero Mining and Exploration Ltd. (CVE:MONGet Free Report) rose 4.9% during trading on Tuesday . The stock traded as high as C$0.33 and last traded at C$0.32. Approximately 1,464,863 shares changed hands during trading, an increase of 323% from the average daily volume of 346,224 shares. The stock had previously closed at C$0.31.

Montero Mining and Exploration Price Performance

The business has a fifty day moving average of C$0.31 and a two-hundred day moving average of C$0.31. The company has a debt-to-equity ratio of 494.64, a quick ratio of 0.02 and a current ratio of 0.10. The firm has a market capitalization of C$16.04 million, a price-to-earnings ratio of -16.00 and a beta of 1.45.

About Montero Mining and Exploration

(Get Free Report)

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.

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