Nortec Minerals (CVE:NVT) Trading 50% Higher – Here’s What Happened

Nortec Minerals Corp. (CVE:NVT)’s share price shot up 50% on Friday . The company traded as high as C$0.05 and last traded at C$0.05. 366,000 shares changed hands during mid-day trading, an increase of 107% from the average session volume of 176,788 shares. The stock had previously closed at C$0.03.

Nortec Minerals Stock Up 50.0%

The company has a 50-day moving average of C$0.03 and a 200-day moving average of C$0.02. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 17.23. The company has a market capitalization of C$2.40 million, a price-to-earnings ratio of -2.00 and a beta of 2.81.

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. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.