Comet Industries (CVE:CMU) Shares Down 5.6%

Comet Industries Ltd. (CVE:CMU)’s stock price fell 5.6% during mid-day trading on Tuesday . The company traded as low as C$4.25 and last traded at C$4.25. 200 shares traded hands during trading, a decline of 95% from the average session volume of 3,675 shares. The stock had previously closed at C$4.50.

Comet Industries Stock Down 5.6 %

The stock has a market cap of C$19.85 million, a PE ratio of 2.13 and a beta of -0.19. The company has a current ratio of 107.37, a quick ratio of 6.63 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of C$4.38 and a 200-day moving average price of C$4.23.

Insider Activity

In other Comet Industries news, Director Michael Santoro bought 6,400 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were purchased at an average price of C$4.25 per share, for a total transaction of C$27,200.00. Insiders own 43.49% of the company’s stock.

About Comet Industries

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.