Metallic Minerals (CVE:MMG) Trading Down 8.8% - Should You Sell?

Key Points

• Metallic Minerals Corp. shares dropped by 8.8% during Tuesday's trading, closing at C$0.37 after reaching a low of C$0.37.
• The trading volume increased significantly, with approximately 674,486 shares traded, marking a 287% rise from the average daily volume.
• The company focuses on the acquisition, exploration, and development of silver, gold, and copper mineral properties in Canada and the United States, with a flagship project located in the Yukon Territory.

Metallic Minerals Corp. (CVE:MMG - )'s share price was down 8.8% during trading on Tuesday . The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 674,486 shares were traded during trading, an increase of 287% from the average daily volume of 174,265 shares. The stock had previously closed at C$0.40.

Metallic Minerals Price Performance

The firm has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.25. The firm has a market cap of C$77.27 million, a P/E ratio of -18.25 and a beta of -0.52.

About Metallic Minerals

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.

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