Stelmine Canada (CVE:STH) Shares Up 100% – Time to Buy?

Stelmine Canada Ltd. (CVE:STH)’s share price traded up 100% during trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.02. 266,000 shares changed hands during mid-day trading, an increase of 145% from the average session volume of 108,435 shares. The stock had previously closed at C$0.01.

Stelmine Canada Stock Performance

The firm has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The company has a current ratio of 0.90, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82. The stock has a market cap of C$2.04 million, a price-to-earnings ratio of -2.00 and a beta of 1.41.

About Stelmine Canada

Stelmine Canada Ltd. engages in the acquisition, exploration, production, development, and operation of mining properties in Canada. The company primarily explores for gold. It holds 100% interests in the Courcy project comprising 165 claims covering an area of 86 square kilometers located in Fermont, Quebec; Mercator project, which comprise 1095 claims that covers an area of 561 square kilometers located within the extension of the Opinaca metasedimentary basin in the Caniapiscau district; Joubert property comprising 103 claims that covers an area of 55 kilometers located in Quebec; Trieste property comprising 14 claims located in Quebec; and Ilnu property comprising 82 claims located in Quebec.