Sun Summit Minerals (CVE:SMN) Trading 15.4% Higher – Still a Buy?

Shares of Sun Summit Minerals Corp. (CVE:SMN) were up 15.4% on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 1,315,373 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 1,092,851 shares. The stock had previously closed at C$0.13.

Sun Summit Minerals Trading Up 15.4%

The company has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.14. The firm has a market cap of C$32.92 million, a price-to-earnings ratio of -3.00 and a beta of 0.20.

Sun Summit Minerals Company Profile

Sun Summit Minerals Corp. engages in the acquisition and exploration of precious metal properties in Canada. The company primarily explores for gold, silver, zinc, and copper deposits. It has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 52,000 hectares located in north-central British Columbia; and holds 100% interest in the JD project covering an area of totaling approximately 16,000 hectares located in the Toodoggone region, British Columbia.