Nortec Minerals (CVE:NVT) Shares Down 16.7% – Should You Sell?

by · The Cerbat Gem

Nortec Minerals Corp. (CVE:NVT – Get Free Report) dropped 16.7% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 203,000 shares were traded during trading, an increase of 219% from the average daily volume of 63,706 shares. The stock had previously closed at C$0.03.

Nortec Minerals Trading Down 16.7%

The stock has a market capitalization of C$1.33 million, a P/E ratio of -2.00 and a beta of 2.60. The business has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.02. The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90.

Nortec Minerals Company Profile

(Get Free Report)

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada.

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