Canada Rare Earth Corp. (CVE:LL – Get Free Report) dropped 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 238,000 shares changed hands during trading, an increase of 272% from the average daily volume of 64,041 shares. The stock had previously closed at C$0.03.
Canada Rare Earth Stock Performance
The company has a market capitalization of C$5.29 million, a price-to-earnings ratio of -3.50 and a beta of 0.53. The company’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The company has a debt-to-equity ratio of 20,260.85, a quick ratio of 0.34 and a current ratio of 0.71.
About Canada Rare Earth
Canada Rare Earth Corp., a development stage company, focuses on developing an integrated business within the rare earth industry in Asia. The company offers high-purity rare earth oxides, rare earth fluorides, larger particle/nano rare earth oxides, and other products. Its products are used in various industries, such as high-end electronics, lighting solutions, ceramic and glass, catalytic and cracking, magnets, and atomic energy.
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