Chakana Copper (CVE:PERU) Stock Price Down 20% – Time to Sell?

Chakana Copper Corp. (CVE:PERU) shares dropped 20% during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 637,000 shares were traded during mid-day trading, an increase of 318% from the average daily volume of 152,297 shares. The stock had previously closed at C$0.03.

Chakana Copper Stock Down 20.0 %

The company has a quick ratio of 7.18, a current ratio of 3.53 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. The company has a market cap of C$5.34 million, a PE ratio of -2.00 and a beta of 2.10.

About Chakana Copper

Chakana Copper Corp. engages in the acquisition, exploration, and development of mineral properties. It holds an option to acquire a 100% interest in the Soledad copper-gold-silver project located in Central Peru. The company is headquartered in Vancouver, Canada.