Nortec Minerals (CVE:NVT) Trading Down 28.6% – Here’s What Happened

Nortec Minerals Corp. (CVE:NVTGet Free Report) shares were down 28.6% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 212,733 shares were traded during trading, an increase of 241% from the average daily volume of 62,310 shares. The stock had previously closed at C$0.04.

Nortec Minerals Stock Performance

The company has a market cap of C$1.33 million, a P/E ratio of -2.00 and a beta of 2.60. The firm has a 50 day moving average price of C$0.02 and a 200-day moving average price of 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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