Cantex Mine Development (CVE:CD) Trading Up 14.4% – Should You Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) shares shot up 14.4% during mid-day trading on Friday . The stock traded as high as C$0.26 and last traded at C$0.24. 381,024 shares traded hands during trading, an increase of 209% from the average session volume of 123,395 shares. The stock had previously closed at C$0.21.

Cantex Mine Development Stock Performance

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 business’s fifty day moving average price is C$0.14 and its 200-day moving average price is C$0.12. The stock has a market cap of C$25.57 million, a PE ratio of -4.16 and a beta of 1.24.

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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