Cantex Mine Development (CVE:CD) Hits New 52-Week High – Should You Buy?

Shares of Cantex Mine Development Corp. (CVE:CDGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21, with a volume of 135198 shares changing hands. The stock had previously closed at C$0.21.

Cantex Mine Development Trading Down 6.2 %

The stock has a 50 day moving average of C$0.14 and a 200-day moving average of C$0.12. The company has a market capitalization of C$25.57 million, a P/E ratio of -4.16 and a beta of 1.24. The company has a current ratio of 1.79, a quick ratio of 2.53 and a debt-to-equity ratio of 39.30.

Cantex Mine Development Company Profile

(Get Free Report)

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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