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Coppernico Metals (OTCMKTS:CPPMF) Trading Down 2.9% - Here's What Happened

Coppernico Metals logo with Basic Materials background

Key Points

  • Coppernico Metals Inc shares fell by 2.9% on Wednesday, trading as low as $0.11 and closing at $0.12, with a significant increase in trading volume.
  • The company has a market capitalization of $24.78 million and a price-to-earnings ratio of 1.28.
  • Coppernico engages in the mining and exploration of copper, gold, and silver in Canada, holding a 75% interest in the Copper Mountain mine.
  • Need better tools to track Coppernico Metals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Coppernico Metals Inc (OTCMKTS:CPPMF - Get Free Report)'s share price was down 2.9% during mid-day trading on Wednesday . The stock traded as low as $0.11 and last traded at $0.12. Approximately 151,959 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 76,551 shares. The stock had previously closed at $0.12.

Coppernico Metals Stock Performance

The stock's 50 day moving average is $0.14 and its two-hundred day moving average is $0.13. The stock has a market capitalization of $23.80 million, a price-to-earnings ratio of 1.23 and a beta of 2.01. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36.

Coppernico Metals Company Profile

(Get Free Report)

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia.

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