Shares of Nortec Minerals Corp. (CVE:NVT – Get Free Report) dropped 12.5% during trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 182,000 shares changed hands during trading, an increase of 184% from the average daily volume of 64,074 shares. The stock had previously closed at C$0.04.
Nortec Minerals Price Performance
The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90. The company has a market capitalization of C$1.87 million, a P/E ratio of -2.00 and a beta of 2.60. The firm’s fifty day moving average is C$0.02 and its 200 day moving average is C$0.02.
About Nortec Minerals
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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