Comet Industries (CVE:CMU) Sets New 12-Month Low – Here’s Why

Shares of Comet Industries Ltd. (CVE:CMU) reached a new 52-week low on Thursday . The stock traded as low as C$4.00 and last traded at C$4.00, with a volume of 10009 shares traded. The stock had previously closed at C$4.25.

Comet Industries Stock Down 5.9 %

The stock has a fifty day moving average price of C$4.35 and a two-hundred day moving average price of C$4.33. The company has a market cap of C$18.68 million, a price-to-earnings ratio of 2.42 and a beta of -0.25. The company has a quick ratio of 6.63, a current ratio of 13.51 and a debt-to-equity ratio of 0.52.

Comet Industries Company Profile

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia.