Aztec Minerals (CVE:AZT) Stock Falls 1.3% – Time to Sell?

Aztec Minerals Corp. (CVE:AZT)’s stock price fell 1.3% during trading on Wednesday. The stock traded as low as C$0.37 and last traded at C$0.37. Approximately 353,266 shares traded hands during trading, an increase of 36% from the average session volume of 260,600 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AZT shares. Atrium Research upgraded shares of Aztec Minerals to a “strong-buy” rating in a report on Tuesday, June 2nd. Stifel Nicolaus set a C$0.61 price target on Aztec Minerals and gave the stock a “speculative buy” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of C$0.61.

Aztec Minerals Price Performance

The company has a quick ratio of 5.32, a current ratio of 2.83 and a debt-to-equity ratio of 1.71. The firm has a fifty day moving average price of C$0.32 and a two-hundred day moving average price of C$0.27. The stock has a market capitalization of C$70.19 million, a P/E ratio of -37.00 and a beta of 2.25.

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.