Nortec Minerals (CVE:NVT) Trading 25% Higher – Here’s Why

Nortec Minerals Corp. (CVE:NVTGet Free Report)’s stock price was up 25% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 367,900 shares traded hands during mid-day trading, an increase of 319% from the average daily volume of 87,705 shares. The stock had previously closed at C$0.04.

Nortec Minerals Stock Performance

The stock’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.03. 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 capitalization of C$3.74 million, a price-to-earnings ratio of -2.00 and a beta of 2.35.

About Nortec Minerals

(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. 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.

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