Comet Industries (CVE:CMU) Hits New 1-Year Low – Here’s Why

Comet Industries Ltd. (CVE:CMUGet Free Report) hit a new 52-week low on Thursday . The company traded as low as C$4.00 and last traded at C$4.00, with a volume of 10009 shares traded. The stock had previously closed at C$4.25.

Comet Industries Stock Up 1.3 %

The company has a quick ratio of 6.63, a current ratio of 13.51 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of C$4.35 and a 200-day simple moving average of C$4.32. The stock has a market cap of C$18.91 million, a P/E ratio of 2.45 and a beta of -0.25.

About Comet Industries

(Get Free Report)

Comet Industries Ltd. holds and manages real estate properties in the British Columbia. It also acquires and develops mineral properties. The company holds a 40% working interest in the Iron Mask property located in southwest Kamloops, British Columbia. It also owns a 10% carried net profit interest in a contiguous block of mineral properties; and the surface land titles comprising the crown grants located in Kamloops, British Columbia.

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