Canterra Minerals (CVE:CTM) Trading Up 11.1% – Time to Buy?

Shares of Canterra Minerals Co. (CVE:CTM) were up 11.1% on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. 468,121 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 425,357 shares. The stock had previously closed at C$0.14.

Wall Street Analyst Weigh In

Separately, Atrium Research raised Canterra Minerals to a “strong-buy” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Canterra Minerals Stock Up 11.1%

The business has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of C$0.19. The company has a market cap of C$58.94 million, a P/E ratio of -15.00 and a beta of 3.58.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.