Sun Summit Minerals (CVE:SMN) Stock Price Up 11.5% – Still a Buy?

Shares of Sun Summit Minerals Corp. (CVE:SMN) were up 11.5% during mid-day trading on Friday . The company traded as high as C$0.16 and last traded at C$0.15. Approximately 2,802,383 shares traded hands during trading, an increase of 142% from the average daily volume of 1,159,622 shares. The stock had previously closed at C$0.13.

Sun Summit Minerals Price Performance

The firm has a market capitalization of C$31.83 million, a PE ratio of -2.90 and a beta of 0.20. The company’s fifty day simple moving average is C$0.14 and its 200 day simple moving average is C$0.14.

Sun Summit Minerals Company Profile

Sun Summit Minerals Corp. engages in the acquisition and exploration of precious metal properties in Canada. The company primarily explores for gold, silver, zinc, and copper deposits. It has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 52,000 hectares located in north-central British Columbia; and holds 100% interest in the JD project covering an area of totaling approximately 16,000 hectares located in the Toodoggone region, British Columbia.