Nortec Minerals (CVE:NVT) Shares Down 28.6% – Here’s Why

Nortec Minerals Corp. (CVE:NVTGet Free Report)’s share price fell 28.6% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. 212,733 shares traded hands during trading, an increase of 241% from the average session volume of 62,310 shares. The stock had previously closed at C$0.04.

Nortec Minerals Stock Performance

The stock has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The company has a market capitalization of C$1.33 million, a price-to-earnings ratio of -2.00 and a beta of 2.60. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 17.23.

Nortec Minerals Company Profile

(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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