Canterra Minerals (CVE:CTM) Trading 37.5% Higher – Still a Buy?

Canterra Minerals Co. (CVE:CTM)’s share price traded up 37.5% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 1,487,815 shares were traded during mid-day trading, an increase of 264% from the average session volume of 408,575 shares. The stock had previously closed at C$0.16.

Canterra Minerals Stock Up 37.5%

The firm has a market cap of C$75.53 million, a PE ratio of -11.00 and a beta of 1.13. The firm has a 50 day moving average of C$0.14 and a 200 day moving average of C$0.10.

Canterra Minerals Company Profile

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.