Comet Industries (CVE:CMU) Shares Down 1.4%

Comet Industries Ltd (CVE:CMU) dropped 1.4% during mid-day trading on Thursday . The stock traded as low as C$3.40 and last traded at C$3.40, approximately 500 shares traded hands during mid-day trading. A decline of 93% from the average daily volume of 7,578 shares. The stock had previously closed at C$3.45.

The firm’s 50-day moving average price is C$3.26 and its 200-day moving average price is C$3.18. The company has a quick ratio of 0.19, a current ratio of 0.36 and a debt-to-equity ratio of 82.73. The company has a market cap of $15.43 million and a P/E ratio of 212.50.

In other Comet Industries news, insider Primex Investments Ltd. purchased 14,500 shares of the stock in a transaction dated Friday, September 27th. The shares were bought at an average price of C$3.50 per share, with a total value of C$50,750.00. Following the completion of the transaction, the insider now directly owns 1,176,800 shares in the company, valued at approximately C$4,118,800.

About Comet Industries (CVE:CMU)

Comet Industries Ltd. acquires, holds, manages, and rents land and a commercial building located at the corner of Carrall and Powell Streets in the Gastown area of Vancouver, Canada. The company holds a 40% working interest in the Iron Mask property with five crown granted mineral claims covering approximately 76.9 hectares located in Kamloops, British Columbia.

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