Cymat Technologies (CVE:CYM) Shares Up 47.8% – Here’s Why

Cymat Technologies Ltd. (CVE:CYMGet Free Report) rose 47.8% during mid-day trading on Tuesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 360,000 shares changed hands during mid-day trading, an increase of 586% from the average daily volume of 52,500 shares. The stock had previously closed at C$0.12.

Cymat Technologies Stock Up 47.8 %

The firm’s 50-day simple moving average is C$0.11 and its 200-day simple moving average is C$0.13. The company has a debt-to-equity ratio of 901.89, a quick ratio of 1.58 and a current ratio of 0.21. The company has a market capitalization of C$11.17 million, a price-to-earnings ratio of -2.83 and a beta of 0.75.

About Cymat Technologies

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Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam (SAF) products worldwide. Its SAF products for use in architectural, blast mitigation, and energy absorption applications. The company also provides architectural materials under the Alusion brand name; and energy management and engineering-focused products under the SmartMetal brand name.

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