Cantex Mine Development (CVE:CD) Shares Up 24.1% – Should You Buy?

Cantex Mine Development Corp. (CVE:CD) shot up 24.1% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.18. 320,105 shares traded hands 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 Trading Up 24.1 %

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

Cantex Mine Development Company Profile

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.