Canterra Minerals (CVE:CTM) Stock Price Down 9.1% - Should You Sell?

Key Points

• Canterra Minerals (CVE:CTM) fell about 9.1% intraday to C$0.20 (from C$0.22) with 241,021 shares changing hands, roughly 49% below its average session volume.
• Atrium Research upgraded the stock to a Strong Buy on April 16, and MarketBeat shows a consensus rating of Strong Buy.
• The company has a market cap of C$82.02 million, a negative P/E (-21.00) and a high beta (3.05), and is an exploration-focused miner with diamond and gold projects in the Northwest Territories, Alberta and Newfoundland (Wilding, Buffalo Hills, Clipper Brook).

Canterra Minerals Co. (CVE:CTM - Get Free Report) traded down 9.1% during mid-day trading on Friday . The stock traded as low as C$0.20 and last traded at C$0.20. 241,021 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 470,015 shares. The stock had previously closed at C$0.22.

Wall Street Analyst Weigh In

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

Canterra Minerals Trading Down 4.5%

The stock has a market capitalization of C$82.02 million, a price-to-earnings ratio of -21.00 and a beta of 3.05. The firm has a 50-day moving average of C$0.19 and a 200 day moving average of 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.

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