Cymat Technologies (CVE:CYM) Trading 47.8% Higher – Here’s Why

Shares of Cymat Technologies Ltd. (CVE:CYM) were up 47.8% on Wednesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 360,000 shares changed hands during mid-day trading, an increase of 586% from the average daily volume of 52,500 shares. The stock had previously closed at C$0.12.

Cymat Technologies Stock Performance

The firm has a market cap of C$11.17 million, a PE ratio of -2.83 and a beta of 0.75. The company has a quick ratio of 1.58, a current ratio of 0.21 and a debt-to-equity ratio of 901.89. The business has a 50 day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.13.

About Cymat Technologies

Cymat Technologies Ltd., a materials technology company, manufactures and sells stabilized aluminum foam (SAF) products worldwide. Its SAF products for use in architectural, blast mitigation, and energy absorption applications. The company also provides architectural materials under the Alusion brand name; and energy management and engineering-focused products under the SmartMetal brand name.