Aztec Minerals (CVE:AZT) Shares Climb 2.9% – Time to Buy?

Aztec Minerals Corp. (CVE:AZT – Get Free Report) shares rose 2.9% on Friday. The company traded as high as C$0.36 and last traded at C$0.36. 259,500 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 263,685 shares. The stock had previously closed at C$0.35.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$0.61 price target on shares of Aztec Minerals and gave the company a “speculative buy” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$0.61.

Get Our Latest Research Report on AZT

Aztec Minerals Stock Performance

The company has a quick ratio of 5.32, a current ratio of 2.83 and a debt-to-equity ratio of 1.71. The business has a fifty day moving average price of C$0.36 and a 200-day moving average price of C$0.30. The stock has a market capitalization of C$68.30 million, a P/E ratio of -36.00 and a beta of 1.82.

Aztec Minerals Company Profile

(Get Free Report)

Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds interest in the Cervantes porphyry gold-copper property covering an area of 3,650 hectares located in Sonora, Mexico. Aztec Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

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