BTU Metals (CVE:BTU) Shares Up 25% – Here’s What Happened

BTU Metals Corp. (CVE:BTU)’s share price shot up 25% on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03. 810,000 shares traded hands during trading, an increase of 394% from the average session volume of 163,853 shares. The stock had previously closed at C$0.02.

BTU Metals Stock Down 20.0 %

The company’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.03. The company has a quick ratio of 3.74, a current ratio of 26.91 and a debt-to-equity ratio of 5.14. The stock has a market cap of C$2.97 million, a P/E ratio of -3.00 and a beta of 1.81.

About BTU Metals

BTU Metals Corp. engages in the identification, exploration, and evaluation of mineral properties in Canada and Ireland. It explores for gold deposits. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.