Aztec Minerals (CVE:AZT) Trading 5.9% Higher – Here’s Why

Aztec Minerals Corp. (CVE:AZT)’s stock price rose 5.9% during mid-day trading on Tuesday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 210,490 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 230,695 shares. The stock had previously closed at C$0.26.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of Aztec Minerals to a “strong-buy” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Aztec Minerals Stock Up 5.9%

The stock’s 50-day moving average price is C$0.23 and its 200-day moving average price is C$0.28. The company has a market cap of C$51.00 million, a P/E ratio of -13.50 and a beta of 2.06. The company has a current ratio of 2.83, a quick ratio of 5.32 and a debt-to-equity ratio of 1.71.

Aztec Minerals Company Profile

Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds interest in the Cervantes porphyry gold-copper property covering an area of 3,650 hectares located in Sonora, Mexico. Aztec Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.