Nortec Minerals (CVE:NVT) Stock Price Up 25% – Still a Buy?

Nortec Minerals Corp. (CVE:NVTGet Free Report) rose 25% on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. Approximately 158,000 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 63,281 shares. The stock had previously closed at C$0.02.

Nortec Minerals Trading Up 25.0%

The stock has a market cap of C$1.33 million, a P/E ratio of -2.00 and a beta of 2.17. The company has a debt-to-equity ratio of 17.23, a current ratio of 0.90 and a quick ratio of 0.85. The business’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Nortec Minerals Company Profile

(Get Free Report)

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.

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