Cantex Mine Development (CVE:CD) Trading Up 24.1% – Should You Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) traded up 24.1% during mid-day trading on Friday . The company traded as high as C$0.21 and last traded at C$0.18. 320,105 shares were traded during trading, an increase of 179% from the average session volume of 114,811 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Trading Up 24.1 %

The business has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.12. 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 stock has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24.

Cantex Mine Development Company Profile

(Get Free Report)

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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