Shares of Cantex Mine Development Corp. (CVE:CD – Get Free Report) were up 24.1% during trading on Friday . The company traded as high as C$0.21 and last traded at C$0.18. Approximately 320,105 shares were traded during mid-day trading, an increase of 179% from the average daily volume of 114,811 shares. The stock had previously closed at C$0.15.
Cantex Mine Development Stock Performance
The stock has a 50-day moving average of C$0.12 and a 200 day moving average of C$0.12. The company has a debt-to-equity ratio of 39.30, a current ratio of 1.79 and a quick ratio of 2.53. The stock has a market capitalization of C$23.60 million, a price-to-earnings ratio of -3.84 and a beta of 1.24.
About Cantex Mine Development
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.
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