Canada Carbon (CVE:CCB) Experiences 33.3% Decline – Understanding the Factors

Canada Carbon Inc. (CVE:CCB – Get Free Report) has seen a significant drop in its stock price, falling by 33.3% during trading on Saturday. The stock reached a low of C$0.01 before closing at the same price. During this period, approximately 859,726 shares were exchanged, which marks an increase of 283% compared to the average daily trading volume of 224,190 shares. Previously, the stock had closed at C$0.02.

Significant Stock Decline

The current market performance reflects a 50-day moving average price of C$0.02 and a 200-day moving average price of C$0.02. The market capitalization of Canada Carbon stands at C$2.05 million. The price-to-earnings ratio is recorded at -1.00 and the company holds a beta of 0.69, indicating lower volatility compared to the overall market.

About Canada Carbon

Canada Carbon Inc. focuses on the acquisition, exploration, and evaluation of natural resource properties throughout Canada, with a primary emphasis on exploring graphite deposits. The company owns interests in several properties, including the Miller property, which spans approximately 100 square kilometers to the west of Montreal in Grenville Township. Additionally, it has interests in the Asbury Graphite property, which consists of 22 claims covering roughly 1,205.9 hectares in the Laurentides region of southern Quebec.

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