TerraX Minerals (CVE:TXR) Reaches New 1-Year Low at $0.31

TerraX Minerals Inc. (CVE:TXR)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.31 and last traded at C$0.31, with a volume of 49000 shares. The stock had previously closed at C$0.32.

The firm’s fifty day moving average price is C$0.34 and its 200-day moving average price is C$0.37. The company has a market capitalization of $40.96 million and a price-to-earnings ratio of -22.14. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.18 and a quick ratio of 1.94.

About TerraX Minerals (CVE:TXR)

TerraX Minerals Inc engages in the exploration and development of mineral properties in Canada. The company holds 100% interest in the Yellowknife City gold project that includes Northbelt, Walsh Lake, Southbelt, and Eastbelt properties in the Northwest Territories, as well as other claims and property interests encompassing 772 square kilometers of land on the Yellowknife greenstone belt.

Further Reading: What are retained earnings?

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