Cantex Mine Development (CVE:CD) Shares Up 24.1% – Still a Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price traded up 24.1% during mid-day trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.18. 320,105 shares traded hands during mid-day 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 Price Performance

The stock has a market cap of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The firm has a 50-day moving average price of C$0.11 and a 200-day moving average price 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.

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.

Further Reading

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