Nortec Minerals (CVE:NVT) Shares Up 25% – Here’s What Happened

Shares of Nortec Minerals Corp. (CVE:NVT) shot up 25% on Friday . The company traded as high as C$0.03 and last traded at C$0.03. 302,000 shares changed hands during trading, an increase of 162% from the average session volume of 115,104 shares. The stock had previously closed at C$0.02.

Nortec Minerals Stock Down 20.0 %

The business has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. The company has a debt-to-equity ratio of 17.23, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a market cap of C$1.07 million, a PE ratio of -2.00 and a beta of 0.75.

Nortec Minerals Company Profile

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada.