Nortec Minerals (CVE:NVT) Shares Up 25% – Should You Buy?

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

Nortec Minerals Stock Up 25.0 %

The business’s fifty day moving average price is C$0.02 and its 200 day moving average price is C$0.02. The firm has a market capitalization of C$1.34 million, a price-to-earnings ratio of -2.00 and a beta of 0.75. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 17.23.

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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