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

Cantex Mine Development Corp. (CVE:CD) shares traded up 24.1% on Saturday . The stock traded as high as C$0.21 and last traded at C$0.18. 320,105 shares changed hands during mid-day 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 stock has a market cap of C$23.60 million, a price-to-earnings ratio of -3.84 and a beta of 1.24. The firm’s fifty day moving average price is C$0.11 and its two-hundred day moving average price is C$0.12. The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53.

About Cantex Mine Development

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.