Canadian Zinc (TSE:CZN) Trading Up 9.1% – Still a Buy?

Canadian Zinc Co. (TSE:CZNGet Free Report) was up 9.1% during mid-day trading on Monday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 122,370 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 154,194 shares. The stock had previously closed at C$0.11.

Canadian Zinc Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 867.15. The firm has a market cap of C$43.93 million and a PE ratio of -3.24. The business’s 50 day moving average is C$0.12.

About Canadian Zinc

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Canadian Zinc Corporation, together with its subsidiaries, engages in the exploration and development of natural resource properties in Canada. The company's principal project is the Prairie Creek mine, a zinc-lead-silver property located in the Northwest Territories. It also owns a mineral land package in central Newfoundland, which comprises lead, copper, silver, gold, and zinc deposits.

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