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Nortec Minerals' stock plunged 16.7% to C$0.03 amid high debt, losses, and heavy trading.
Nortec Minerals (CVE:NVT) shares dropped 16.7% on Tuesday, hitting a low of C$0.03 and closing at that level, with trading volume more than triple the average.
The company, focused on mineral exploration in gold, zinc, copper, lead, silver, and lithium in Finland and Ontario, reported a high debt-to-equity ratio and negative earnings, with a volatile stock marked by a beta of 2.60.
No clear reason for the decline was provided.
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Las acciones de Nortec Minerals se desplomaron un 16.7% a C $ 0.03 en medio de una alta deuda, pérdidas y fuertes operaciones.