BTU Metals (CVE:BTU) Shares Up 20% – Here’s Why

Shares of BTU Metals Corp. (CVE:BTUGet Free Report) shot up 20% during trading on Saturday . The company traded as high as C$0.03 and last traded at C$0.03. 379,500 shares traded hands during mid-day trading, an increase of 141% from the average session volume of 157,741 shares. The stock had previously closed at C$0.03.

BTU Metals Stock Performance

The stock has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 5.14, a current ratio of 26.91 and a quick ratio of 3.74. The stock has a market capitalization of C$4.46 million, a price-to-earnings ratio of -3.00 and a beta of 1.81.

BTU Metals Company Profile

(Get Free Report)

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

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