Shares of Nortec Minerals Corp. (CVE:NVT – Get Free Report) fell 33.3% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. 123,220 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 184,519 shares. The stock had previously closed at C$0.08.
Nortec Minerals Stock Down 33.3%
The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90. The firm has a market capitalization of C$3.54 million, a PE ratio of -2.00 and a beta of 2.80. The business’s 50 day moving average price is C$0.06 and its 200-day moving average price is C$0.05.
About Nortec Minerals
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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