Nortec Minerals (CVE:NVT) Stock Price Down 16.7% – Should You Sell?

Nortec Minerals Corp. (CVE:NVTGet Free Report)’s stock price fell 16.7% during trading on Wednesday . The stock 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 Price Performance

The business has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.02. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 17.23. The stock has a market capitalization of C$1.33 million, a price-to-earnings ratio of -2.00 and a beta of 2.60.

Nortec Minerals Company Profile

(Get Free Report)

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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