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

Shares of Nortec Minerals Corp. (CVE:NVTGet Free Report) rose 25% during mid-day trading on Friday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 302,000 shares traded hands during 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 stock has a market capitalization of C$1.34 million, a P/E 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. The business has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02.

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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