Shares of Quaterra Resources Inc (CVE:QTA) shot up 21.4% on Tuesday . The stock traded as high as C$0.09 and last traded at C$0.09. 285,001 shares changed hands during mid-day trading, an increase of 314% from the average session volume of 68,861 shares. The stock had previously closed at C$0.07.
Separately, Fundamental Research reissued a “top pick” rating and issued a C$0.49 price target on shares of Quaterra Resources in a research note on Friday, March 15th.
The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.23 and a current ratio of 0.24. The company has a market cap of $20.44 million and a price-to-earnings ratio of -14.29.
About Quaterra Resources (CVE:QTA)
Quaterra Resources Inc operates as a copper exploration and development company primarily in North America. It holds 100% interests in the MacArthur, Yerington, Bear, and Wassuk copper properties located in the Yerington District, Nevada, as well as an option to acquire a 90% interest in the Groundhog copper prospect covering 40,000 acres located to the southwest of Anchorage, Alaska.
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