Cantex Mine Development (CVE:CD) Stock Price Up 8.7% – Here’s Why

Cantex Mine Development Corp. (CVE:CDGet Free Report) rose 8.7% on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 206,463 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 113,487 shares. The stock had previously closed at C$0.23.

Cantex Mine Development Trading Down 2.0%

The stock has a market cap of C$39.81 million, a PE ratio of -12.50 and a beta of 1.21. The company has a current ratio of 3.17, a quick ratio of 2.53 and a debt-to-equity ratio of 3.28. The firm has a fifty day simple moving average of C$0.27 and a two-hundred day simple moving average of C$0.24.

Cantex Mine Development Company Profile

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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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