BTU Metals (CVE:BTU) Shares Up 33.3% – Time to Buy?

BTU Metals Corp. (CVE:BTUGet Free Report)’s share price rose 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 1,262,800 shares were traded during mid-day trading, an increase of 1,048% from the average daily volume of 109,983 shares. The stock had previously closed at C$0.05.

BTU Metals Stock Performance

The firm’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.03. The company has a debt-to-equity ratio of 5.14, a quick ratio of 3.74 and a current ratio of 26.91. The stock has a market cap of C$8.91 million, a P/E ratio of -3.00 and a beta of 1.81.

About BTU Metals

(Get Free Report)

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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