Max Resource (CVE:MXR) Shares Down 5.7%

Shares of Max Resource Corp. (CVE:MXR – Get Rating) were down 5.7% on Friday . The company traded as low as C$0.41 and last traded at C$0.42. Approximately 357,400 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 285,195 shares. The stock had previously closed at C$0.44.

Max Resource Stock Performance

The stock’s fifty day moving average is C$0.41 and its two-hundred day moving average is C$0.41. The firm has a market cap of C$40.70 million and a price-to-earnings ratio of -6.69.

Max Resource Company Profile

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Max Resource Corp. engages in the acquisition and exploration of mineral properties in Canada, Peru, and Colombia. The company holds interests in the Choco gold project covering 250 square kilometers; North Choco gold-copper project covering 250 square kilometers; Gachala copper project covering 164 square kilometers; Novita project covering 10,790 hectares located in Colombia; and Cesar copper silver project, which covers an area of approximately 2,000 hectares located in Colombia.