Cantex Mine Development (CVE:CD) Reaches New 52-Week High – Time to Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$0.33 and last traded at C$0.32, with a volume of 241261 shares. The stock had previously closed at C$0.30.

Cantex Mine Development Trading Down 7.6%

The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79. The firm has a fifty day moving average price of C$0.18 and a 200 day moving average price of C$0.17. The company has a market cap of C$48.44 million, a price-to-earnings ratio of -30.50 and a beta of -1.24.

About Cantex Mine Development

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Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

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