Aztec Minerals (CVE:AZT) Stock Price Down 3.2% – Here’s Why

Aztec Minerals Corp. (CVE:AZT)’s stock price was down 3.2% during mid-day trading on Tuesday . The stock traded as low as C$0.29 and last traded at C$0.30. Approximately 153,040 shares were traded during trading, a decline of 38% from the average daily volume of 246,029 shares. The stock had previously closed at C$0.32.

Wall Street Analyst Weigh In

Separately, Atrium Research raised Aztec Minerals to a “strong-buy” rating in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Aztec Minerals Trading Down 3.2%

The company has a debt-to-equity ratio of 1.71, a current ratio of 2.83 and a quick ratio of 5.32. The stock has a market cap of C$57.61 million, a P/E ratio of -15.25 and a beta of 2.09. The firm’s fifty day moving average price is C$0.24 and its two-hundred day moving average price is C$0.27.

About Aztec Minerals

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.