Nortec Minerals (CVE:NVT) Shares Down 28.6% – What’s Next?

by · The Cerbat Gem

Nortec Minerals Corp. (CVE:NVT – Get Free Report)’s stock price dropped 28.6% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 212,733 shares traded hands during mid-day 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 Price Performance

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

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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