Canterra Minerals (CVE:CTM) Shares Up 10.5% – Time to Buy?

Canterra Minerals Co. (CVE:CTM) shares rose 10.5% during mid-day trading on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.21. Approximately 4,473,577 shares changed hands during mid-day trading, an increase of 588% from the average daily volume of 650,269 shares. The stock had previously closed at C$0.19.

Canterra Minerals Stock Performance

The firm has a 50 day moving average price of C$0.20 and a two-hundred day moving average price of C$0.15. The company has a market cap of C$76.19 million, a P/E ratio of -10.50 and a beta of 2.97.

About Canterra Minerals

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.