Stelmine Canada (CVE:STH) Trading 100% Higher – Should You Buy?

Stelmine Canada Ltd. (CVE:STH) shot up 100% during trading on Monday . The company traded as high as C$0.02 and last traded at C$0.02. 266,000 shares traded hands during trading, an increase of 145% from the average session volume of 108,435 shares. The stock had previously closed at C$0.01.

Stelmine Canada Stock Down 25.0 %

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.10 and a current ratio of 0.90. The stock has a market capitalization of C$1.53 million, a price-to-earnings ratio of -1.50 and a beta of 1.41. The firm’s fifty day simple moving average is C$0.02 and its 200 day simple moving average is C$0.03.

About Stelmine Canada

Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining properties in Canada. The company primarily explores for gold. It holds 100% interests in the Courcy project comprising 165 claims covering an area of 86 square kilometers located in Fermont, Quebec; Mercator project, which comprise 1095 claims that covers an area of 561 square kilometers located within the extension of the Opinaca metasedimentary basin in the Caniapiscau district; Joubert property comprising 103 claims that covers an area of 55 kilometers located in Quebec; Trieste property comprising 14 claims located in Quebec; and Ilnu property comprising 82 claims located in Quebec.