Cantex Mine Development (CVE:CD) Trading Up 1.8% - Here's Why

Key Points

• Cantex Mine Development (CVE:CD) shares were up 1.8% to C$0.29 on Friday with about 109,765 shares traded, roughly 10% below its average daily volume; the stock's 50‑day and 200‑day moving averages are C$0.28 and C$0.21 respectively.
• The company has a market cap of C$80.17 million and a negative P/E of -14.50, with strong liquidity (current ratio 3.33, quick ratio 2.53) but a high debt‑to‑equity ratio of 6.38.
• Cantex explores multiple metals including gold, nickel, copper and precious metals, and its primary asset is the Yukon Metals Project, covering about 1,075 claim blocks (~21,500 hectares).

Cantex Mine Development Corp. (CVE:CD - ) shares were up 1.8% on Friday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 109,765 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 121,518 shares. The stock had previously closed at C$0.29.

Cantex Mine Development Trading Up 1.8%

The firm has a fifty day moving average of C$0.28 and a two-hundred day moving average of C$0.21. The company has a current ratio of 3.33, a quick ratio of 2.53 and a debt-to-equity ratio of 6.38. The company has a market cap of C$80.17 million, a PE ratio of -14.50 and a beta of 1.35.

About Cantex Mine Development

Cantex Mine Development Corp. engages in acquiring, exploring, and developing mineral properties in Canada, Yemen, and the United States. The company explores gold, nickel, copper, lead, zinc, silver, manganese, cobalt, platinum, palladium, and rhodium deposits. Its primary project is the Yukon Metals Project with 1,075 claim blocks covering approximately 21,500 hectares. Cantex Mine Development Corp. is headquartered in Kelowna, Canada.

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