Stelmine Canada (CVE:STH) Reaches New 1-Year Low – What’s Next?

Stelmine Canada Ltd. (CVE:STH)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 18148 shares changing hands. The stock had previously closed at C$0.02.

Stelmine Canada Stock Down 25.0 %

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.90 and a quick ratio of 2.10. The firm has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of C$0.03. The company has a market capitalization of C$1.53 million, a price-to-earnings ratio of -1.50 and a beta of 1.41.

About Stelmine Canada

Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining properties in Canada. The company primarily explores for gold. It holds 100% interests in the Courcy project comprising 165 claims covering an area of 86 square kilometers located in Fermont, Quebec; Mercator project, which comprise 1095 claims that covers an area of 561 square kilometers located within the extension of the Opinaca metasedimentary basin in the Caniapiscau district; Joubert property comprising 103 claims that covers an area of 55 kilometers located in Quebec; Trieste property comprising 14 claims located in Quebec; and Ilnu property comprising 82 claims located in Quebec.