Stelmine Canada (CVE:STH) Stock Price Down 33.3% – Here’s Why

Stelmine Canada Ltd. (CVE:STH)’s share price traded down 33.3% during trading on Friday . The company traded as low as C$0.01 and last traded at C$0.01. 100,500 shares changed hands during trading, a decline of 7% from the average session volume of 107,627 shares. The stock had previously closed at C$0.02.

Stelmine Canada Stock Performance

The stock’s 50 day moving average price is C$0.02 and its 200 day moving average price is C$0.03. The company has a current ratio of 0.90, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82. The company has a market capitalization of C$1.02 million, a price-to-earnings ratio of -1.00 and a beta of 1.41.

Stelmine Canada Company Profile

Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining properties in Canada. The company primarily explores for gold. It holds 100% interests in the Courcy project comprising 165 claims covering an area of 86 square kilometers located in Fermont, Quebec; Mercator project, which comprise 1095 claims that covers an area of 561 square kilometers located within the extension of the Opinaca metasedimentary basin in the Caniapiscau district; Joubert property comprising 103 claims that covers an area of 55 kilometers located in Quebec; Trieste property comprising 14 claims located in Quebec; and Ilnu property comprising 82 claims located in Quebec.