Cymat Technologies (CVE:CYM) Trading Up 21.4% – Here’s Why

Cymat Technologies Ltd. (CVE:CYM) shares shot up 21.4% on Tuesday . The company traded as high as C$0.09 and last traded at C$0.09. 181,880 shares changed hands during mid-day trading, an increase of 285% from the average session volume of 47,190 shares. The stock had previously closed at C$0.07.

Cymat Technologies Trading Up 21.4%

The firm has a market cap of C$8.53 million, a price-to-earnings ratio of -1.42 and a beta of -0.32. The company has a debt-to-equity ratio of -126.64, a quick ratio of 1.58 and a current ratio of 0.27. The business has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.10.

About Cymat Technologies

Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam (SAF) products worldwide. Its SAF products for use in architectural, blast mitigation, and energy absorption applications. The company also provides architectural materials under the Alusion brand name; and energy management and engineering-focused products under the SmartMetal brand name. It serves automotive, architecture, defense, and general industrial market applications. The company was incorporated in 2006 and is based in Mississauga, Canada.