Canterra Minerals (CVE:CTM) Trading Down 10.8% – Time to Sell?

Canterra Minerals Co. (CVE:CTM)’s stock price dropped 10.8% on Friday . The company traded as low as C$0.16 and last traded at C$0.17. Approximately 226,110 shares were traded during trading, a decline of 50% from the average daily volume of 449,815 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised shares of Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Canterra Minerals currently has a consensus rating of “Strong Buy”.

Canterra Minerals Stock Performance

The company has a market cap of C$66.79 million, a PE ratio of -17.00 and a beta of 3.23. The company’s 50-day simple moving average is C$0.19 and its 200 day simple moving average is C$0.19.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.