Nortec Minerals (CVE:NVT) Shares Up 50% – Here’s Why

Shares of Nortec Minerals Corp. (CVE:NVT) rose 50% during trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 665,000 shares changed hands during trading, an increase of 164% from the average daily volume of 251,538 shares. The stock had previously closed at C$0.03.

Nortec Minerals Stock Performance

The firm’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The firm has a market cap of C$2.40 million, a PE ratio of -2.00 and a beta of 2.81. The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90.

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. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.