Nortec Minerals (CVE:NVT) Sets New 52-Week High – Still a Buy?

Nortec Minerals Corp. (CVE:NVTGet Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05, with a volume of 3000 shares. The stock had previously closed at C$0.04.

Nortec Minerals Stock Up 28.6%

The company has a market cap of C$2.40 million, a P/E ratio of -2.00 and a beta of 2.81. The stock has a 50-day moving average of C$0.03 and a two-hundred day moving average of C$0.02. The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90.

Nortec Minerals Company Profile

(Get Free Report)

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.

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