Sun Summit Minerals (CVE:SMN) Stock Price Up 15.4% – Should You Buy?

Sun Summit Minerals Corp. (CVE:SMNGet Free Report) shares shot up 15.4% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.15. 2,541,383 shares traded hands during mid-day trading, an increase of 121% from the average session volume of 1,151,946 shares. The stock had previously closed at C$0.13.

Sun Summit Minerals Stock Up 15.4%

The business has a 50-day moving average price of C$0.13 and a two-hundred day moving average price of C$0.14. The company has a market cap of C$32.92 million, a P/E ratio of -3.00 and a beta of 0.20.

Sun Summit Minerals Company Profile

(Get Free Report)

Sun Summit Minerals Corp. engages in the acquisition and exploration of precious metal properties in Canada. The company primarily explores for gold, silver, zinc, and copper deposits. It has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 52,000 hectares located in north-central British Columbia; and holds 100% interest in the JD project covering an area of totaling approximately 16,000 hectares located in the Toodoggone region, British Columbia.

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