Nortec Minerals (CVE:NVT) Shares Down 28.6% – Should You Sell?

Nortec Minerals Corp. (CVE:NVT)’s stock price fell 28.6% during trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. 212,733 shares changed hands during trading, an increase of 241% from the average session volume of 62,310 shares. The stock had previously closed at C$0.04.

Nortec Minerals Stock Down 28.6%

The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90. The stock’s fifty day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The stock has a market capitalization of C$1.33 million, a P/E ratio of -2.00 and a beta of 2.60.

Nortec Minerals Company Profile

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada.