Aztec Minerals (CVE:AZT) Trading Down 1.3% – Here’s Why

Aztec Minerals Corp. (CVE:AZT)’s share price traded down 1.3% during mid-day trading on Wednesday . The company traded as low as C$0.37 and last traded at C$0.37. Approximately 353,266 shares were traded during mid-day trading, an increase of 36% from the average session volume of 260,600 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AZT. Atrium Research raised shares of Aztec Minerals to a “strong-buy” rating in a report on Tuesday, June 2nd. Stifel Nicolaus set a C$0.61 target price on shares of Aztec Minerals and gave the company a “speculative buy” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, Aztec Minerals currently has an average rating of “Strong Buy” and an average target price of C$0.61.

Aztec Minerals Price Performance

The company has a current ratio of 2.83, a quick ratio of 5.32 and a debt-to-equity ratio of 1.71. The business’s 50-day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.27. The firm has a market cap of C$70.19 million, a price-to-earnings ratio of -37.00 and a beta of 2.25.

Aztec Minerals Company Profile

Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds interest in the Cervantes porphyry gold-copper property covering an area of 3,650 hectares located in Sonora, Mexico. Aztec Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.