Cantex Mine Development (CVE:CD) Shares Up 5.8% – Time to Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) shares shot up 5.8% on Friday . The company traded as high as C$0.28 and last traded at C$0.28. 6,500 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 119,560 shares. The stock had previously closed at C$0.26.

Cantex Mine Development Stock Performance

The company has a debt-to-equity ratio of 6.38, a current ratio of 3.33 and a quick ratio of 2.53. The stock’s 50 day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.23. The stock has a market cap of C$76.02 million, a P/E ratio of -13.75 and a beta of 1.10.

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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

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