BTU Metals (CVE:BTU) Shares Down 16.7% – Here’s Why

BTU Metals Corp. (CVE:BTU)’s stock price dropped 16.7% on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 152,000 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 112,994 shares. The stock had previously closed at C$0.03.

BTU Metals Trading Up 16.7 %

The business’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.03. The company has a debt-to-equity ratio of 5.14, a quick ratio of 3.74 and a current ratio of 26.91. The stock has a market capitalization of C$5.20 million, a PE ratio of -3.00 and a beta of 1.81.

BTU Metals Company Profile

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.