Aztec Minerals (CVE:AZT) Trading 23.4% Higher - Time to Buy?

Key Points

• Shares jumped 23.4% in mid-day trading to as high as C$0.33 (last C$0.29) with about 242,500 shares traded, roughly in line with its average daily volume.
• Key fundamentals: market cap C$54.03 million, negative P/E (-29.00), beta 1.91, debt-to-equity 1.71, and strong liquidity metrics (quick ratio 5.32, current ratio 2.83); 50‑day and 200‑day moving averages are C$0.33 and C$0.30 respectively.
• Aztec is a junior explorer of gold, copper, silver, lead and zinc and owns the Cervantes porphyry gold‑copper property (3,650 hectares) in Sonora, Mexico.

Shares of Aztec Minerals Corp. (CVE:AZT - ) rose 23.4% during mid-day trading on Tuesday . The company traded as high as C$0.33 and last traded at C$0.29. Approximately 242,500 shares were traded during trading, a decline of 5% from the average daily volume of 255,241 shares. The stock had previously closed at C$0.24.

Aztec Minerals Stock Performance

The company has a market capitalization of C$54.03 million, a price-to-earnings ratio of -29.00 and a beta of 1.91. The company has a 50 day moving average price of C$0.33 and a 200 day moving average price of C$0.30. The company has a debt-to-equity ratio of 1.71, a quick ratio of 5.32 and a current ratio of 2.83.

Aztec Minerals Company Profile

Aztec Minerals Corp. acquires, explores for, and evaluates mineral resources in Canada, Mexico, and the United States. The company primarily explores for gold, copper, silver, lead, and zinc deposits. It holds interest in the Cervantes porphyry gold-copper property covering an area of 3,650 hectares located in Sonora, Mexico. Aztec Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

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