Cantex Mine Development (CVE:CD) Sets New 12-Month High – Should You Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21, with a volume of 135198 shares. The stock had previously closed at C$0.21.

Cantex Mine Development Trading Up 2.4 %

The business’s fifty day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.12. The company has a quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30. The company has a market cap of C$27.54 million, a price-to-earnings ratio of -4.48 and a beta of 1.24.

About Cantex Mine Development

(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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