Cantex Mine Development (CVE:CD) Stock Price Up 61.9% – What’s Next?

Cantex Mine Development Corp. (CVE:CD)’s stock price shot up 61.9% on Monday . The company traded as high as C$0.18 and last traded at C$0.17. 553,549 shares traded hands during trading, an increase of 465% from the average session volume of 97,891 shares. The stock had previously closed at C$0.11.

Cantex Mine Development Price Performance

The business has a 50-day moving average price of C$0.17 and a two-hundred day moving average price of C$0.17. The company has a quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30. The company has a market capitalization of C$27.00 million, a price-to-earnings ratio of -8.50 and a beta of -1.04.

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.