Canada Carbon (CVE:CCB) Stock Price Down 25% – Here’s What Happened

Canada Carbon Inc. (CVE:CCB)’s stock price was down 25% during trading on Friday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,920,501 shares changed hands during trading, an increase of 821% from the average daily volume of 208,441 shares. The stock had previously closed at C$0.02.

Canada Carbon Stock Performance

The business has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The stock has a market cap of C$3.08 million, a price-to-earnings ratio of -1.50 and a beta of 0.69.

About Canada Carbon

Canada Carbon Inc engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. The company primarily explores for graphite deposits. It holds interests in the Miller property that covers an area of approximately 100 square kilometers located to the west of Montreal in the Grenville Township; and the Asbury Graphite property, which includes 22 claims covering an area of approximately 1,205.9 hectares located in the Laurentides region of southern Quebec.