Copper Mountain Mining (TSE:CMMC) Shares Down 1.2% – Here’s Why

Copper Mountain Mining Co. (TSE:CMMC) dropped 1.2% on Monday . The company traded as low as C$2.44 and last traded at C$2.49. Approximately 1,603,544 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 1,292,865 shares. The stock had previously closed at C$2.52.

Copper Mountain Mining Price Performance

The firm has a market capitalization of C$533.81 million, a P/E ratio of -9.58, a PEG ratio of 0.28 and a beta of 2.77. The company has a debt-to-equity ratio of 50.36, a current ratio of 1.22 and a quick ratio of 0.38. The firm’s 50-day moving average is C$2.49.

Copper Mountain Mining Company Profile

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia.