BTU Metals (CVE:BTU) Trading 20% Higher – What’s Next?

BTU Metals Corp. (CVE:BTUGet Free Report)’s share price rose 20% during mid-day trading on Saturday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 379,500 shares traded hands during trading, an increase of 141% from the average daily volume of 157,741 shares. The stock had previously closed at C$0.03.

BTU Metals Stock Performance

The firm has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The company has a debt-to-equity ratio of 5.14, a current ratio of 26.91 and a quick ratio of 3.74. The company has a market cap of C$4.46 million, a price-to-earnings ratio of -3.00 and a beta of 1.81.

BTU Metals Company Profile

(Get Free Report)

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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