Insider Buying: Nortec Minerals (CVE:NVT) Insider Purchases C$10,769.22 in Stock

Nortec Minerals Corp. (CVE:NVT) insider Bradley Lazich acquired 153,846 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of C$0.07 per share, for a total transaction of C$10,769.22. Following the acquisition, the insider directly owned 8,354,646 shares of the company’s stock, valued at C$584,825.22. This trade represents a 1.88% increase in their ownership of the stock.

Nortec Minerals Price Performance

Shares of CVE NVT traded down C$0.01 during midday trading on Friday, hitting C$0.04. The company had a trading volume of 3,000 shares, compared to its average volume of 120,555. Nortec Minerals Corp. has a twelve month low of C$0.02 and a twelve month high of C$0.05. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 17.23. The firm has a market capitalization of C$1.87 million, a price-to-earnings ratio of -2.00 and a beta of 2.81. The business has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03.

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.