GMV Minerals (CVE:GMV) Stock Price Up 28.6% – Time to Buy?

GMV Minerals Inc. (CVE:GMVGet Free Report) shares shot up 28.6% during trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.14. 249,500 shares changed hands during mid-day trading, an increase of 420% from the average session volume of 47,950 shares. The stock had previously closed at C$0.11.

GMV Minerals Stock Performance

The stock has a 50-day moving average of C$0.11 and a 200 day moving average of C$0.13. The firm has a market capitalization of C$12.29 million, a P/E ratio of -13.50 and a beta of 1.35.

About GMV Minerals

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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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