Comet Industries (CVE:CMU) Shares Down 7.6% – Here’s Why

Comet Industries Ltd. (CVE:CMU)’s share price traded down 7.6% on Thursday . The stock traded as low as C$4.25 and last traded at C$4.25. 11,200 shares traded hands during trading, an increase of 241% from the average session volume of 3,281 shares. The stock had previously closed at C$4.60.

Comet Industries Trading Down 7.6 %

The firm has a market capitalization of C$19.85 million, a PE ratio of 2.58 and a beta of -0.25. The firm’s fifty day moving average is C$4.35 and its two-hundred day moving average is C$4.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 13.51 and a quick ratio of 6.63.

Comet Industries Company Profile

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia.