Aztec Minerals (CVE:AZT) Stock Price Down 3.6% – What’s Next?

Shares of Aztec Minerals Corp. (CVE:AZT) were down 3.6% during trading on Wednesday. The stock traded as low as C$0.35 and last traded at C$0.35. Approximately 2,117,469 shares were traded during mid-day trading, an increase of 679% from the average daily volume of 271,798 shares. The stock had previously closed at C$0.36.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$0.61 price objective on shares of Aztec Minerals and gave the stock a “speculative buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, Aztec Minerals currently has an average rating of “Strong Buy” and an average price target of C$0.61.

Aztec Minerals Price Performance

The company has a debt-to-equity ratio of 1.71, a current ratio of 2.83 and a quick ratio of 5.32. The stock has a 50 day moving average price of C$0.34 and a two-hundred day moving average price of C$0.28. The firm has a market capitalization of C$66.40 million, a price-to-earnings ratio of -35.00 and a beta of 1.98.

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.