Canterra Minerals (CVE:CTM) Shares Up 10.5% – Here’s Why

Canterra Minerals Co. (CVE:CTM) was up 10.5% during trading on Tuesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 48,996 shares traded hands during trading, a decline of 87% from the average daily volume of 379,980 shares. The stock had previously closed at C$0.10.

Canterra Minerals Price Performance

The stock has a market capitalization of C$29.30 million, a price-to-earnings ratio of -5.25 and a beta of -2.63. The firm has a 50-day moving average of C$0.08 and a 200 day moving average of C$0.06.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.