Nortec Minerals (CVE:NVT) Stock Price Up 50% – Here’s What Happened
by Mitch Edgeman · The Markets DailyShares of Nortec Minerals Corp. (CVE:NVT – Get Free Report) shot up 50% during mid-day trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. 665,000 shares traded hands during trading, an increase of 164% from the average session volume of 251,538 shares. The stock had previously closed at C$0.03.
Nortec Minerals Price Performance
The company has a market cap of C$2.40 million, a price-to-earnings ratio of -2.00 and a beta of 2.81. The company has a fifty day simple moving average of C$0.03 and a two-hundred day simple 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.
Nortec Minerals Company Profile
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. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.