Canterra Minerals (CVE:CTM) Trading 11.1% Higher – What’s Next?

by · The Markets Daily

Canterra Minerals Co. (CVE:CTM – Get Free Report) shares traded up 11.1% during trading on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 468,121 shares were traded during trading, an increase of 10% from the average daily volume of 425,357 shares. The stock had previously closed at C$0.14.

Analysts Set New Price Targets

Separately, Atrium Research upgraded Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Canterra Minerals has a consensus rating of “Strong Buy”.

View Our Latest Analysis on Canterra Minerals

Canterra Minerals Price Performance

The company has a market cap of C$58.94 million, a P/E ratio of -15.00 and a beta of 3.58. The firm’s 50-day moving average is C$0.17 and its two-hundred day moving average is C$0.19.

Canterra Minerals Company Profile

(Get Free Report)

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.

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