Chakana Copper (CVE:PERU) Trading Down 20% – Time to Sell?

Chakana Copper Corp. (CVE:PERU)’s share price dropped 20% during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 660,388 shares traded hands during trading, an increase of 181% from the average daily volume of 234,809 shares. The stock had previously closed at C$0.03.

Chakana Copper Price Performance

The company has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03. The stock has a market capitalization of C$6.14 million, a price-to-earnings ratio of -2.30 and a beta of 2.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 7.18 and a current ratio of 3.53.

Chakana Copper Company Profile

Chakana Copper Corp. engages in the acquisition, exploration, and development of mineral properties. It holds an option to acquire a 100% interest in the Soledad copper-gold-silver project located in Central Peru. The company is headquartered in Vancouver, Canada.