CEMATRIX (CVE:CVX) Stock Price Up 4.1% – Should You Buy?

Shares of CEMATRIX Co. (CVE:CVX) shot up 4.1% during trading on Tuesday . The company traded as high as C$0.54 and last traded at C$0.51. 744,593 shares were traded during mid-day trading, an increase of 263% from the average session volume of 205,146 shares. The stock had previously closed at C$0.49.

CEMATRIX Trading Up 4.1 %

The stock has a market cap of C$69.24 million, a price-to-earnings ratio of 25.50 and a beta of 0.82. The business’s 50 day simple moving average is C$0.51 and its 200 day simple moving average is C$0.49. The company has a quick ratio of 1.97, a current ratio of 3.82 and a debt-to-equity ratio of 13.52.

CEMATRIX Company Profile

CEMATRIX Corporation, through its subsidiaries, focuses on the sale and onsite production of cellular concrete for various applications in the infrastructure, industrial, and commercial construction markets in North America. Its cellular concrete products are used as lightweight backfill for MSE walls, bridge approach fills, roadways and runways, and slope stabilization; insulation material for oil and gas facility slabs, roadways, shallow utilities, and contaminated site remediation; and grout, such as tunnel grouting, annular pipe grout, and pipe abandonment, as well as flowable fills applications.