Nortec Minerals (CVE:NVT) Trading 25% Higher – Still a Buy?

Nortec Minerals Corp. (CVE:NVTGet Free Report)’s stock price traded up 25% during mid-day trading on Thursday . The stock traded as high as C$0.03 and last traded at C$0.03. 302,000 shares changed hands during trading, an increase of 195% from the average session volume of 102,354 shares. The stock had previously closed at C$0.02.

Nortec Minerals Stock Performance

The company has a market capitalization of C$1.34 million, a price-to-earnings ratio of -2.00 and a beta of 0.75. The firm’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90.

About Nortec Minerals

(Get Free Report)

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada.

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