Cantex Mine Development (CVE:CD) Shares Up 5.6% – Time to Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) shares shot up 5.6% during trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 38,000 shares were traded during mid-day trading, a decline of 66% from the average session volume of 113,150 shares. The stock had previously closed at C$0.09.

Cantex Mine Development Stock Performance

The company has a current ratio of 7.64, a quick ratio of 2.53 and a debt-to-equity ratio of 1.31. The stock has a market cap of C$13.35 million, a PE ratio of -3.00 and a beta of 1.24. The business’s 50-day moving average price is C$0.11 and its 200-day moving average price is C$0.13.

About Cantex Mine Development

(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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