Cantex Mine Development (CVE:CD) Trading 24.1% Higher – Still a Buy?

Cantex Mine Development Corp. (CVE:CD)’s share price shot up 24.1% during mid-day trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.18. 320,105 shares were traded during mid-day trading, an increase of 179% from the average session volume of 114,811 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Stock Performance

The company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30. The company has a market cap of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The business’s 50 day simple moving average is C$0.11 and its 200 day simple moving average is C$0.12.

About Cantex Mine Development

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.