Ceapro (CVE:CZO) Stock Price Down 11.8% – Here’s What Happened

Ceapro Inc. (CVE:CZO) shares dropped 11.8% during mid-day trading on Thursday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 5,850 shares changed hands during trading, a decline of 88% from the average daily volume of 50,562 shares. The stock had previously closed at C$0.26.

Ceapro Trading Down 11.8 %

The company has a debt-to-equity ratio of 8.28, a current ratio of 7.10 and a quick ratio of 18.88. The firm has a market capitalization of C$688,880.00, a PE ratio of -2.83 and a beta of 1.38. The business’s 50-day moving average price is C$0.22 and its 200-day moving average price is C$0.23.

Ceapro Company Profile

Ceapro Inc, a biotechnology company, engages in the development and marketing of health and wellness products and technology relating to plant extracts in the United States, Germany, China, Canada, and internationally. The company is involved in the development of proprietary extraction technologies and the application of these technologies to the production, development, and commercialization of active ingredients, such as oat beta glucan and avenanthramides, which are derived from oats and other renewable plant resources for healthcare and cosmetic industries.