Aztec Minerals (CVE:AZT) Stock Price Down 3.6% – Time to Sell?

Aztec Minerals Corp. (CVE:AZT – Get Free Report)’s stock price traded down 3.6% during trading on Wednesday. The stock traded as low as C$0.35 and last traded at C$0.35. 2,117,469 shares traded hands during mid-day trading, an increase of 679% from the average session volume of 271,798 shares. The stock had previously closed at C$0.36.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$0.61 price objective on shares of Aztec Minerals and gave the stock a “speculative buy” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$0.61.

Read Our Latest Stock Analysis on Aztec Minerals

Aztec Minerals Stock Down 1.3%

The company has a fifty day simple moving average of C$0.35 and a 200-day simple moving average of C$0.28. The firm has a market cap of C$70.19 million, a P/E ratio of -37.00 and a beta of 1.98. The company has a quick ratio of 5.32, a current ratio of 2.83 and a debt-to-equity ratio of 1.71.

Aztec Minerals Company Profile

(Get Free Report)

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.

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