Cantex Mine Development (CVE:CD) Shares Up 9.5% – Should You Buy?

Cantex Mine Development Corp. (CVE:CD)’s stock price shot up 9.5% during mid-day trading on Friday . The stock traded as high as C$0.12 and last traded at C$0.12. 2,500 shares were traded during mid-day trading, a decline of 98% from the average session volume of 121,080 shares. The stock had previously closed at C$0.11.

Cantex Mine Development Price Performance

The company has a market capitalization of C$14.62 million, a price-to-earnings ratio of -3.83 and a beta of 1.24. The business has a fifty day moving average price of C$0.11 and a 200 day moving average price of C$0.12. The company has a debt-to-equity ratio of 1.31, a current ratio of 7.64 and a quick ratio of 2.53.

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.