Cantex Mine Development (CVE:CD) Stock Price Up 38.1% – Should You Buy?

by · The Markets Daily

Cantex Mine Development Corp. (CVE:CD – Get Free Report)’s share price was up 38.1% during trading on Monday . The stock traded as high as C$0.16 and last traded at C$0.15. Approximately 374,460 shares were traded during trading, an increase of 286% from the average daily volume of 97,098 shares. The stock had previously closed at C$0.11.

Cantex Mine Development Price Performance

The company has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.17. The firm has a market capitalization of C$25.41 million, a P/E ratio of -8.00 and a beta of -1.04. The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79.

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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