Shares of Max Resource Corp. (CVE:MXR – Get Free Report) dropped 5.7% during mid-day trading on Tuesday . The company traded as low as C$0.41 and last traded at C$0.42. Approximately 357,400 shares traded hands during trading, an increase of 25% from the average daily volume of 285,195 shares. The stock had previously closed at C$0.44.
Max Resource Price Performance
The business has a 50-day simple moving average of C$0.41 and a 200-day simple moving average of C$0.41. The firm has a market capitalization of C$40.70 million and a PE ratio of -6.69.
Max Resource Company Profile
Max Resource Corp. engages in the acquisition and exploration of mineral properties in Canada, Peru, and Colombia. The company holds interests in the Choco gold project covering 250 square kilometers; North Choco gold-copper project covering 250 square kilometers; Gachala copper project covering 164 square kilometers; Novita project covering 10,790 hectares located in Colombia; and Cesar copper silver project, which covers an area of approximately 2,000 hectares located in Colombia.
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