GMV Minerals (CVE:GMV) Stock Jumps 7.7% – Should You Buy?

GMV Minerals Inc. (CVE:GMV – Get Free Report)’s share price was up 7.7% on Wednesday. The stock traded as high as C$0.14 and last traded at C$0.14. 283,764 shares traded hands during trading, an increase of 24% from the average session volume of 228,717 shares. The stock had previously closed at C$0.13.

GMV Minerals Trading Up 10.3%

The company has a market capitalization of C$19.62 million, a P/E ratio of -5.33 and a beta of 2.51. The business’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.16.

GMV Minerals Company Profile

(Get Free Report)

GMV Minerals Inc, an exploration stage company, engages in the sourcing and exploration of mineral properties in the United States. It primarily explores for gold and lithium deposits. The company holds a 100% interest in the Mexican Hat Gold Project that consists of 42 unpatented lode mining claims covering an area of approximately 4,800 acres located in Cochise County, Arizona. It also holds interest in the Daisy Creek Lithium project, consisting of eighty-two lode claims covering an area of 18 square miles and located in Lander County, north-central Nevada.

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