GMV Minerals (CVE:GMV) Shares Up 29.7% – Time to Buy?

GMV Minerals Inc. (CVE:GMVGet Free Report) shot up 29.7% during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.24. 276,038 shares were traded during mid-day trading, an increase of 389% from the average session volume of 56,423 shares. The stock had previously closed at C$0.19.

GMV Minerals Price Performance

The company has a market cap of C$21.86 million, a price-to-earnings ratio of -24.00 and a beta of 1.35. The firm’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.12.

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.

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