Nortec Minerals (CVE:NVT) Shares Up 50% – Here’s Why

Nortec Minerals Corp. (CVE:NVT)’s stock price shot up 50% during trading on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 665,000 shares were traded during mid-day trading, an increase of 164% from the average session volume of 251,538 shares. The stock had previously closed at C$0.03.

Nortec Minerals Stock Up 50.0%

The firm has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.02. The firm has a market capitalization of C$2.40 million, a price-to-earnings ratio of -2.00 and a beta of 2.81. The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90.

Nortec Minerals Company Profile

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. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.