BTU Metals (CVE:BTU) Trading 40% Higher – Here’s Why

Shares of BTU Metals Corp. (CVE:BTUGet Free Report) rose 40% during mid-day trading on Thursday . The stock traded as high as C$0.04 and last traded at C$0.04. Approximately 262,000 shares traded hands during trading, an increase of 122% from the average daily volume of 117,800 shares. The stock had previously closed at C$0.03.

BTU Metals Price Performance

The stock has a market capitalization of C$4.46 million, a P/E ratio of -3.00 and a beta of 1.81. The company has a debt-to-equity ratio of 5.14, a quick ratio of 3.74 and a current ratio of 26.91. The firm has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

BTU Metals Company Profile

(Get Free Report)

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.

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