Canterra Minerals (CVE:CTM) Trading Up 11.1% – Still a Buy?

Canterra Minerals Co. (CVE:CTM)’s share price was up 11.1% during trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. 468,121 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 425,357 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded Canterra Minerals to a “strong-buy” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Canterra Minerals Stock Up 11.1%

The stock’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.19. The stock has a market cap of C$58.94 million, a PE ratio of -15.00 and a beta of 3.58.

Canterra Minerals Company Profile

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.