Stelmine Canada (CVE:STH) Shares Down 17.6%

Stelmine Canada Ltd. (CVE:STH – Get Rating) traded down 17.6% during mid-day trading on Thursday . The company traded as low as C$0.14 and last traded at C$0.14. 187,950 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 225,553 shares. The stock had previously closed at C$0.17.

The company has a debt-to-equity ratio of 0.34, a current ratio of 21.49 and a quick ratio of 6.97. The stock has a market capitalization of C$12.84 million and a price-to-earnings ratio of -4.36. The stock’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.25.

Stelmine Canada Company Profile (CVE:STH)

Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining properties in Canada. The company primarily explores for gold. It holds 100% interests in the Courcy project comprising 341 claims covering an area of 178 square kilometers located in Fermont, Quebec; Mercator project, which comprise 775 claims that covers an area of 389 square kilometers located within the extension of the Opinaca metasedimentary basin in the Caniapiscau district; Joubert property comprising 247 claims that covers an area of 127,9 kilometers located in Quebec; Trieste property comprising 129 claims located in Quebec; and Ilnu property comprising 82 claims located in Quebec.

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