Nortec Minerals (CVE:NVT) Shares Up 25% – Time to Buy?

Nortec Minerals Corp. (CVE:NVTGet Free Report) shot up 25% on Friday . The stock traded as high as C$0.03 and last traded at C$0.03. 302,000 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 115,104 shares. The stock had previously closed at C$0.02.

Nortec Minerals Stock Performance

The company has a debt-to-equity ratio of 17.23, a current ratio of 0.90 and a quick ratio of 0.85. The firm has a market cap of C$1.34 million, a price-to-earnings ratio of -2.00 and a beta of 0.75. The firm has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Nortec Minerals Company Profile

(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.

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