Cantex Mine Development (CVE:CD) Shares Up 24.1% – Here’s Why

Shares of Cantex Mine Development Corp. (CVE:CD) traded up 24.1% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.18. 320,105 shares traded hands during trading, an increase of 179% from the average session volume of 114,811 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Stock Up 24.1 %

The company’s 50-day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.12. The firm has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53.

Cantex Mine Development Company Profile

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.