Opawica Explorations (CVE:OPW) Shares Down 8.2% – Should You Sell?

Opawica Explorations Inc. (CVE:OPWGet Free Report)’s share price dropped 8.2% during trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 138,382 shares were traded during trading, an increase of 104% from the average daily volume of 67,734 shares. The stock had previously closed at C$0.25.

Opawica Explorations Price Performance

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 2.11. The business’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.14. The firm has a market cap of C$5.30 million, a price-to-earnings ratio of -0.70 and a beta of 1.45.

About Opawica Explorations

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Opawica Explorations Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold and base metal deposits. The company holds 100% interests in the Arrowhead and Bazooka East claims located in northern Quebec, Canada; and the Bazooka west property, which comprises 24 mineral claims located in Beauchastel Township, Quebec.

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