Stelmine Canada (CVE:STH) Trading 100% Higher – What’s Next?

Shares of Stelmine Canada Ltd. (CVE:STH) rose 100% during mid-day trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 266,000 shares were traded during mid-day trading, an increase of 145% from the average daily volume of 108,435 shares. The stock had previously closed at C$0.01.

Stelmine Canada Price Performance

The company has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.90 and a quick ratio of 2.10. The stock has a market cap of C$1.53 million, a PE ratio of -1.50 and a beta of 1.41.

Stelmine Canada Company Profile

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.