Aztec Minerals (CVE:AZT) Shares Down 3.6% – What’s Next?

Aztec Minerals Corp. (CVE:AZT) shares traded down 3.6% during trading on Wednesday. The company traded as low as C$0.35 and last traded at C$0.35. Approximately 2,117,469 shares changed hands during mid-day trading, an increase of 679% from the average daily volume of 271,798 shares. The stock had previously closed at C$0.36.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$0.61 price objective on Aztec Minerals and gave the stock a “speculative buy” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price of C$0.61.

Aztec Minerals Stock Down 3.6%

The business has a 50-day moving average of C$0.34 and a 200-day moving average of C$0.28. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.32 and a current ratio of 2.83. The stock has a market capitalization of C$66.40 million, a price-to-earnings ratio of -35.00 and a beta of 1.98.

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.