Comet Industries (CVE:CMU) Shares Down 5.9%

Comet Industries Ltd. (CVE:CMUGet Rating) fell 5.9% during mid-day trading on Thursday . The stock traded as low as C$4.00 and last traded at C$4.00. 500 shares traded hands during trading, a decline of 63% from the average session volume of 1,342 shares. The stock had previously closed at C$4.25.

Comet Industries Trading Down 5.9 %

The company has a current ratio of 7.63, a quick ratio of 6.63 and a debt-to-equity ratio of 39.87. The business’s fifty day simple moving average is C$4.15 and its two-hundred day simple moving average is C$4.31. The stock has a market capitalization of C$20.16 million, a P/E ratio of 50.00 and a beta of 0.11.

About Comet Industries

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Comet Industries Ltd. holds and manages real estate properties in British Columbia. It also acquires and holds mineral properties. The company holds a 40% working interest in the Iron Mask property with five crown granted mineral claims covering an area of approximately 76.9 hectares located in Kamloops, British Columbia.

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