Metallic Minerals (CVE:MMG) Stock Price Down 1.8% - Time to Sell?

Key Points

• Price action: Metallic Minerals (CVE:MMG) fell 1.8% mid-day to C$0.28 (intraday low C$0.26) on ~338,983 shares traded, about 13% below average volume.
• Valuation & technicals: The company has a market cap of C$59.5 million, a negative PE of -14, a beta of 1.37, and its current price sits below both the 50- and 200-day moving averages (C$0.36).
• Business focus: Metallic Minerals explores for silver, gold and copper, with its flagship 100%-owned Keno silver project in the Keno Hill district of the Yukon Territory.

Metallic Minerals Corp. (CVE:MMG - ) dropped 1.8% during mid-day trading on Monday . The stock traded as low as C$0.26 and last traded at C$0.28. Approximately 338,983 shares changed hands during trading, a decline of 13% from the average daily volume of 389,656 shares. The stock had previously closed at C$0.29.

Metallic Minerals Stock Down 1.8%

The firm's 50-day moving average is C$0.36 and its 200-day moving average is C$0.36. The company has a market cap of C$59.50 million, a PE ratio of -14.00 and a beta of 1.37.

Metallic Minerals Company Profile

Metallic Minerals Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for silver, gold, and copper deposits. Its flagship project is the 100% owned Keno silver project covering an area of 171 square kilometers located in the Keno Hill silver district, Yukon Territory, Canada. The company was formerly known as Monster Mining Corp. and changed its name to Metallic Minerals Corp. in September 2016. Metallic Minerals Corp.

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