Canadian Zinc (TSE:CZN) Shares Pass Above 200 Day Moving Average – Here’s Why

Canadian Zinc Co. (TSE:CZN)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$0.12. Canadian Zinc shares last traded at C$0.12, with a volume of 122,370 shares trading hands.

Canadian Zinc Stock Performance

The firm has a market capitalization of C$43.93 million and a PE ratio of -3.24. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 867.15. The company’s 50-day simple moving average is C$0.12.

Canadian Zinc Company Profile

Canadian Zinc Corporation, together with its subsidiaries, engages in the exploration and development of natural resource properties in Canada. The company's principal project is the Prairie Creek mine, a zinc-lead-silver property located in the Northwest Territories. It also owns a mineral land package in central Newfoundland, which comprises lead, copper, silver, gold, and zinc deposits.