Nortec Minerals (CVE:NVT) Trading 50% Higher – Should You Buy?

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

Nortec Minerals Price Performance

The stock’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.02. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 17.23. The firm has a market cap of C$2.40 million, a price-to-earnings ratio of -2.00 and a beta of 2.81.

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.