Cantex Mine Development (CVE:CD) Shares Up 8.7% – Here’s Why

Cantex Mine Development Corp. (CVE:CDGet Free Report)’s share price traded up 8.7% during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 206,463 shares changed hands during trading, an increase of 82% from the average daily volume of 113,487 shares. The stock had previously closed at C$0.23.

Cantex Mine Development Stock Up 8.7%

The business’s 50-day moving average is C$0.28 and its 200-day moving average is C$0.24. The company has a market capitalization of C$39.81 million, a price-to-earnings ratio of -12.50 and a beta of 1.21. The company has a quick ratio of 2.53, a current ratio of 3.17 and a debt-to-equity ratio of 3.28.

About Cantex Mine Development

(Get Free Report)

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. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

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