Nortec Minerals (CVE:NVT) Trading Up 50% – Still a Buy?

Nortec Minerals Corp. (CVE:NVT)’s share price shot up 50% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 665,000 shares traded hands during trading, an increase of 164% from the average session volume of 251,538 shares. The stock had previously closed at C$0.03.

Nortec Minerals Trading Up 50.0%

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

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.