Nortec Minerals (CVE:NVT) Trading Down 16.7% – Here’s Why

Nortec Minerals Corp. (CVE:NVTGet Free Report) traded down 16.7% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 203,000 shares traded hands during trading, an increase of 219% from the average session volume of 63,706 shares. The stock had previously closed at C$0.03.

Nortec Minerals Stock Performance

The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The company has a debt-to-equity ratio of 17.23, a quick ratio of 0.85 and a current ratio of 0.90. The firm has a market capitalization of C$1.33 million, a PE ratio of -2.00 and a beta of 2.60.

About Nortec Minerals

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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.

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