Metalore Resources (CVE:MET) Shares Down 11.9%

Metalore Resources Limited (CVE:MET)’s share price was down 11.9% during mid-day trading on Wednesday . The stock traded as low as C$1.85 and last traded at C$1.85, approximately 300 shares traded hands during mid-day trading. A decline of 60% from the average daily volume of 759 shares. The stock had previously closed at C$2.10.

The stock has a market cap of $3.73 million and a P/E ratio of 8.01. The company’s fifty day simple moving average is C$1.21 and its 200-day simple moving average is C$1.24.

Metalore Resources Company Profile (CVE:MET)

Metalore Resources Limited, a junior resource company, engages in the exploration and development of precious metals and hydrocarbons in Canada. It owns and/or controls approximately 40,000 acres of petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario.

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