Nortec Minerals (CVE:NVT) Trading Up 50% – Here’s What Happened

Nortec Minerals Corp. (CVE:NVT)’s stock price rose 50% during trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 665,000 shares traded hands during trading, an increase of 164% from the average daily volume of 251,538 shares. The stock had previously closed at C$0.03.

Nortec Minerals Trading Up 50.0%

The business’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.02. The company has a debt-to-equity ratio of 17.23, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a market capitalization of C$2.40 million, a P/E ratio of -2.00 and a beta of 2.81.

About Nortec Minerals

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.