Canterra Minerals (CVE:CTM) Trading 12.8% Higher – Time to Buy?

Canterra Minerals Co. (CVE:CTM)’s share price rose 12.8% during mid-day trading on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 212,165 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 408,282 shares. The stock had previously closed at C$0.20.

Canterra Minerals Stock Up 12.8%

The stock has a market cap of C$79.82 million, a PE ratio of -11.00 and a beta of 1.84. The stock’s fifty day moving average price is C$0.18 and its 200 day moving average price is C$0.13.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.