Cantex Mine Development (CVE:CD) Shares Up 13.2% – What’s Next?

Cantex Mine Development Corp. (CVE:CD)’s stock price rose 13.2% on Wednesday . The company traded as high as C$0.24 and last traded at C$0.22. Approximately 115,900 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 123,929 shares. The stock had previously closed at C$0.19.

Cantex Mine Development Price Performance

The stock has a fifty day moving average of C$0.17 and a 200-day moving average of C$0.17. The firm has a market capitalization of C$34.15 million, a P/E ratio of -21.50 and a beta of -1.24. The company has a quick ratio of 2.53, a current ratio of 1.79 and a debt-to-equity ratio of 39.30.

Cantex Mine Development Company Profile

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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.