Adamera Minerals (CVE:ADZ) Trading Down 26.9% – Here’s Why

Adamera Minerals Corp. (CVE:ADZ) traded down 26.9% on Friday . The stock traded as low as C$0.07 and last traded at C$0.10. 176,371 shares changed hands during trading, an increase of 762% from the average session volume of 20,453 shares. The stock had previously closed at C$0.13.

Adamera Minerals Stock Performance

The firm has a market capitalization of C$3.06 million, a PE ratio of -1.49 and a beta of 1.15. The business has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.17. The company has a debt-to-equity ratio of 3.66, a current ratio of 0.73 and a quick ratio of 3.54.

Adamera Minerals Company Profile

Adamera Minerals Corp., an exploration stage company, acquires and explores for precious metals. The company primarily explores for silver, gold, copper, and zinc deposits. Its principal properties are the Cooke Mountain, Empire Creek, Buckhorn 2.0, Talisman, and Flaghill located in Washington State, the United States.