Cantex Mine Development (CVE:CD) Trading 24.1% Higher – Time to Buy?

Cantex Mine Development Corp. (CVE:CDGet Free Report) 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 traded 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 Trading Up 24.1 %

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 stock has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The firm’s 50 day simple moving average is C$0.11 and its two-hundred day simple moving average is C$0.12.

About Cantex Mine Development

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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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