Canterra Minerals (CVE:CTM) Trading Up 19.2% – Here’s What Happened

Canterra Minerals Co. (CVE:CTM)’s share price traded up 19.2% during trading on Monday . The stock traded as high as C$0.17 and last traded at C$0.16. 853,869 shares traded hands during trading, an increase of 94% from the average session volume of 439,552 shares. The stock had previously closed at C$0.13.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of Canterra Minerals to a “strong-buy” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Canterra Minerals Stock Performance

The company’s fifty day simple moving average is C$0.18 and its 200-day simple moving average is C$0.19. The company has a market capitalization of C$59.72 million, a P/E ratio of -15.20 and a beta of 3.58.

About Canterra Minerals

Canterra Minerals Corporation, a resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the Northwest Territories and Alberta. It holds diamond properties in the Northwest Territories and Alberta, as well as focuses on gold exploration in Newfoundland. The company holds interest in the Wilding gold project covering an area of 23,600 hectares located in central Newfoundland; Buffalo Hills property that comprises 21 mineral leases covering an area of 4,848 hectares located in Alberta, Canada; and the Clipper Brook property that comprises of 5 mineral licenses totaling 122.5 square kilometers located to the northeast strike extent of the Rogerson Lake Structural Corridor.