Nortec Minerals (CVE:NVT) Trading Down 28.6% – Time to Sell?

Nortec Minerals Corp. (CVE:NVT – Get Free Report) shares were down 28.6% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 212,733 shares traded hands during trading, an increase of 241% from the average daily volume of 62,310 shares. The stock had previously closed at C$0.04.

Nortec Minerals Stock Performance

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

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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