Sun Summit Minerals (CVE:SMN) Trading 11.5% Higher – Time to Buy?

Shares of Sun Summit Minerals Corp. (CVE:SMNGet Free Report) were up 11.5% during trading on Friday . The company traded as high as C$0.16 and last traded at C$0.15. Approximately 2,802,383 shares were traded during trading, an increase of 142% from the average daily volume of 1,159,622 shares. The stock had previously closed at C$0.13.

Sun Summit Minerals Stock Performance

The stock has a fifty day moving average of C$0.14 and a 200-day moving average of C$0.14. The company has a market cap of C$31.83 million, a PE ratio of -2.90 and a beta of 0.20.

Sun Summit Minerals Company Profile

(Get Free Report)

Sun Summit Minerals Corp. engages in the acquisition and exploration of precious metal properties in Canada. The company primarily explores for gold, silver, zinc, and copper deposits. It has an option to acquire a 100% interest in the Buck property covering an area of totaling approximately 52,000 hectares located in north-central British Columbia; and holds 100% interest in the JD project covering an area of totaling approximately 16,000 hectares located in the Toodoggone region, British Columbia.

Further Reading

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