Insider Buying: Nortec Minerals (CVE:NVT) Insider Acquires C$10,769.22 in Stock

Nortec Minerals Corp. (CVE:NVT) insider Bradley Lazich acquired 153,846 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average price of C$0.07 per share, with a total value of C$10,769.22. Following the completion of the purchase, the insider owned 8,354,646 shares of the company’s stock, valued at C$584,825.22. This trade represents a 1.88% increase in their ownership of the stock.

Nortec Minerals Stock Performance

Shares of NVT stock opened at C$0.04 on Wednesday. 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 cap of C$1.87 million, a PE ratio of -2.00 and a beta of 2.81. The company’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. Nortec Minerals Corp. has a 52 week low of C$0.02 and a 52 week high of C$0.05.

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.