Canterra Minerals (CVE:CTM) Trading Up 19.2% – Here’s What Happened

Canterra Minerals Co. (CVE:CTM) was up 19.2% on Monday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 853,869 shares traded hands during mid-day trading, an increase of 94% from the average daily volume of 439,552 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

Separately, Atrium Research raised Canterra Minerals to a “strong-buy” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Canterra Minerals Trading Up 16.9%

The stock has a market capitalization of C$59.72 million, a P/E ratio of -15.20 and a beta of 3.58. The stock has a 50 day moving average of C$0.18 and a 200-day moving average of C$0.19.

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.