Comet Industries (CVE:CMU) Reaches New 1-Year Low – Time to Sell?

Comet Industries Ltd. (CVE:CMUGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company 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 Trading Up 1.3 %

The company has a market cap of C$18.91 million, a P/E ratio of 2.45 and a beta of -0.25. The business has a fifty day moving average price of C$4.35 and a 200-day moving average price of C$4.32. 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

(Get Free Report)

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.

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