Nortec Minerals (CVE:NVT) Insider Purchases 153,846 Shares

Nortec Minerals Corp. (CVE:NVT) insider Bradley Lazich bought 153,846 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of C$0.07 per share, for a total transaction of C$10,769.22. Following the completion of the purchase, the insider owned 8,354,646 shares in the company, valued at C$584,825.22. This trade represents a 1.88% increase in their ownership of the stock.

Nortec Minerals Stock Down 22.2%

Shares of CVE NVT traded down C$0.01 during mid-day trading on Friday, hitting C$0.04. The company had a trading volume of 3,000 shares, compared to its average volume of 120,555. The business’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The company has a debt-to-equity ratio of 17.23, a current ratio of 0.90 and a quick ratio of 0.85. Nortec Minerals Corp. has a 1-year low of C$0.02 and a 1-year high of C$0.05. The company has a market capitalization of C$1.87 million, a PE ratio of -2.00 and a beta of 2.81.

About Nortec Minerals

Nortec Minerals Corp. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, zinc, copper, lead, silver, and lithium deposits. It holds interests in the Tammela project located in southwest Finland; the Sturgeon Lake VMS property located in Ontario, Canada; and the Mattagami River zinc project located in Ontario, Canada. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. The company was incorporated in 1999 and is headquartered in Vancouver, Canada.