GMV Minerals (CVE:GMV) Shares Up 10.3% – Should You Buy?

GMV Minerals Inc. (CVE:GMV – Get Free Report) shares were up 10.3% during mid-day trading on Wednesday. The company traded as high as C$0.16 and last traded at C$0.16. Approximately 661,826 shares traded hands during mid-day trading, an increase of 193% from the average session volume of 225,993 shares. The stock had previously closed at C$0.14.

GMV Minerals Stock Performance

The firm has a market cap of C$19.62 million, a P/E ratio of -5.33 and a beta of 2.86. The stock’s 50 day simple moving average is C$0.15 and its 200 day simple moving average is C$0.16.

GMV Minerals Company Profile

(Get Free Report)

GMV Minerals Inc, an exploration stage company, engages in the sourcing and exploration of mineral properties in the United States. It primarily explores for gold and lithium deposits. The company holds a 100% interest in the Mexican Hat Gold Project that consists of 42 unpatented lode mining claims covering an area of approximately 4,800 acres located in Cochise County, Arizona. It also holds interest in the Daisy Creek Lithium project, consisting of eighty-two lode claims covering an area of 18 square miles and located in Lander County, north-central Nevada.

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