Atrium Research Upgrades Canterra Minerals (CVE:CTM) to “Strong-Buy”

Canterra Minerals (CVE:CTM) was upgraded by equities researchers at Atrium Research to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Canterra Minerals Stock Performance

Shares of CVE CTM opened at C$0.20 on Thursday. Canterra Minerals has a fifty-two week low of C$0.06 and a fifty-two week high of C$0.24. The company has a 50 day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.19. The company has a market capitalization of C$78.12 million, a price-to-earnings ratio of -20.00 and a beta of 3.05.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.