Cantex Mine Development (CVE:CD) Shares Up 24.1% – What’s Next?

Cantex Mine Development Corp. (CVE:CD)’s share price shot up 24.1% during mid-day trading on Friday . The company traded as high as C$0.21 and last traded at C$0.18. 318,605 shares changed hands during trading, an increase of 178% from the average session volume of 114,770 shares. The stock had previously closed at C$0.15.

Cantex Mine Development Price Performance

The stock has a market capitalization of C$23.60 million, a P/E ratio of -3.84 and a beta of 1.24. The business has a fifty day simple moving average of C$0.12 and a 200-day simple moving average of C$0.12. The company has a debt-to-equity ratio of 39.30, a quick ratio of 2.53 and a current ratio of 1.79.

Cantex Mine Development Company Profile

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.