Cantex Mine Development (CVE:CD) Shares Up 9.5% – Time to Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) shares were up 9.5% on Friday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 2,500 shares were traded during trading, a decline of 98% from the average daily volume of 121,080 shares. The stock had previously closed at C$0.11.

Cantex Mine Development Trading Up 9.5 %

The firm has a market capitalization of C$14.62 million, a price-to-earnings ratio of -3.83 and a beta of 1.24. The company has a fifty day moving average price of C$0.11 and a 200-day moving average price of C$0.12. The company has a current ratio of 7.64, a quick ratio of 2.53 and a debt-to-equity ratio of 1.31.

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.

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