Shares of Nortec Minerals Corp. (CVE:NVT – Get Free Report) shot up 33.3% during trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 622,000 shares changed hands during trading, an increase of 302% from the average session volume of 154,871 shares. The stock had previously closed at C$0.03.
Nortec Minerals Stock Performance
The company’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05. 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 has a market capitalization of C$2.88 million, a P/E ratio of -2.00 and a beta of 2.84.
About Nortec Minerals
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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