Nortec Minerals (CVE:NVT) Shares Down 16.7% – Here’s Why

Nortec Minerals Corp. (CVE:NVTGet Free Report)’s share price fell 16.7% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. 203,000 shares were traded during trading, an increase of 219% from the average session volume of 63,706 shares. The stock had previously closed at C$0.03.

Nortec Minerals Trading Down 16.7%

The firm has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.02. The company has a market cap of C$1.33 million, a P/E ratio of -2.00 and a beta of 2.60. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 17.23.

Nortec Minerals Company Profile

(Get Free Report)

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.

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