Adamera Minerals (CVE:ADZ) Stock Price Down 2.9% – Here’s Why

Adamera Minerals Corp. (CVE:ADZ) shares dropped 2.9% during trading on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 19,000 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 20,836 shares. The stock had previously closed at C$0.17.

Adamera Minerals Stock Down 2.9 %

The company has a quick ratio of 3.54, a current ratio of 0.64 and a debt-to-equity ratio of 4.67. The company has a 50 day simple moving average of C$0.19 and a two-hundred day simple moving average of C$0.14. The company has a market capitalization of C$4.49 million, a P/E ratio of -2.75 and a beta of 1.15.

Insider Activity

In related news, Director Mark Robert Kolebaba sold 255,000 shares of the stock in a transaction dated Sunday, September 8th. The shares were sold at an average price of C$0.15, for a total value of C$38,250.00. Corporate insiders own 5.97% of the company’s stock.

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.