Cantex Mine Development (CVE:CD) Trading 24.1% Higher – Here’s What Happened

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price traded up 24.1% during mid-day trading on Saturday . The stock 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 Performance

The firm’s 50-day moving average price is C$0.11 and its 200-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. The stock has a market cap of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24.

Cantex Mine Development Company Profile

(Get Free Report)

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.

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