Cantex Mine Development (CVE:CD) Stock Price Up 24.1% – Here’s Why

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s share price was up 24.1% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.18. Approximately 320,105 shares changed hands during trading, an increase of 179% from the average daily volume of 114,811 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Trading Up 24.1 %

The stock has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.12. The firm has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30.

About Cantex Mine Development

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Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.

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