Cantex Mine Development (CVE:CD) Stock Price Up 24.1% – What’s Next?

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s stock price traded up 24.1% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.18. 320,105 shares changed hands during mid-day trading, an increase of 179% from the average session volume of 114,811 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Stock Performance

The company has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The business has a 50 day moving average of C$0.11 and a 200 day moving average of C$0.12. The company has a quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30.

About Cantex Mine Development

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Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares.

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