BTU Metals (CVE:BTU) Trading 40% Higher – Still a Buy?

BTU Metals Corp. (CVE:BTUGet Free Report)’s stock price was up 40% on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 174,000 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 114,962 shares. The stock had previously closed at C$0.03.

BTU Metals Stock Up 16.7 %

The firm has a 50 day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The company has a debt-to-equity ratio of 5.14, a current ratio of 26.91 and a quick ratio of 3.74. The stock has a market cap of C$5.20 million, a price-to-earnings ratio of -3.00 and a beta of 1.81.

About BTU Metals

(Get Free Report)

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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