Nortec Minerals (CVE:NVT) Trading 25% Higher – Time to Buy?

Nortec Minerals Corp. (CVE:NVTGet Free Report) was up 25% on Friday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 302,000 shares were traded during mid-day trading, an increase of 162% from the average daily volume of 115,104 shares. The stock had previously closed at C$0.02.

Nortec Minerals Price Performance

The firm has a 50-day moving average of C$0.02 and a 200-day moving average 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. The firm has a market capitalization of C$1.34 million, a P/E ratio of -2.00 and a beta of 0.75.

Nortec Minerals Company Profile

(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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