Century Global Commodities (TSE:CNT) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Century Global Commodities Co. (TSE:CNT)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.03 and traded as low as C$0.03. Century Global Commodities shares last traded at C$0.03, with a volume of 55,000 shares changing hands.

Century Global Commodities Trading Up 20.0 %

The firm has a market cap of C$3.55 million, a P/E ratio of -1.50 and a beta of 0.74. The company has a current ratio of 2.67, a quick ratio of 3.86 and a debt-to-equity ratio of 0.98. The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03.

About Century Global Commodities

Century Global Commodities Corporation, together with its subsidiaries, is involved in the exploration and mining of mineral properties in Canada. It primarily explores and develops for iron ores, and precious and base metals. The company's flagship project is the Joyce Lake Property, a direct shipping iron ore project that comprises six mineral licenses, which include a total of 682 claims covering a total area of approximately 17,049 hectares located in Newfoundland and Labrador.