Cantex Mine Development (CVE:CD) Trading 24.1% Higher – Here’s What Happened

Cantex Mine Development Corp. (CVE:CDGet Free Report) traded up 24.1% during mid-day trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.18. 320,105 shares traded hands during 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 Price 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 company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30. The business’s fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.12.

Cantex Mine Development Company Profile

(Get Free Report)

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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