Aztec Minerals (CVE:AZT) Shares Up 10% – Time to Buy?

Aztec Minerals Corp. (CVE:AZT)’s share price shot up 10% during mid-day trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. 110,725 shares were traded during trading, a decline of 55% from the average session volume of 246,594 shares. The stock had previously closed at C$0.20.

Analysts Set New Price Targets

Separately, Atrium Research upgraded shares of Aztec Minerals to a “strong-buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Aztec Minerals Stock Performance

The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.32 and a current ratio of 2.83. The company has a 50 day moving average price of C$0.23 and a 200 day moving average price of C$0.30. The company has a market capitalization of C$41.55 million, a price-to-earnings ratio of -11.00 and a beta of 2.03.

Aztec Minerals Company Profile

Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds interest in the Cervantes porphyry gold-copper property covering an area of 3,650 hectares located in Sonora, Mexico. Aztec Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.