BTU Metals (CVE:BTU) Trading 40% Higher – Here’s Why

BTU Metals Corp. (CVE:BTUGet Free Report) shares shot up 40% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. 174,000 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 114,962 shares. The stock had previously closed at C$0.03.

BTU Metals Trading Up 20.0 %

The firm has a market cap of C$4.46 million, a P/E ratio of -3.00 and a beta of 1.81. The company’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The company has a quick ratio of 3.74, a current ratio of 26.91 and a debt-to-equity ratio of 5.14.

BTU Metals Company Profile

(Get Free Report)

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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