Coro Mining (TSE:COP) Shares Up 20% – Time to Buy?

Coro Mining Corp (TSE:COP) shot up 20% during mid-day trading on Monday . The company traded as high as C$1.75 and last traded at C$1.50. 84,487 shares were traded during mid-day trading, a decline of 70% from the average session volume of 281,373 shares. The stock had previously closed at C$1.25.

Coro Mining Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.50 and a debt-to-equity ratio of 58.60. The firm has a market cap of C$2.41 billion and a PE ratio of -150.00. The business’s 50 day moving average is C$0.84.

About Coro Mining

Coro Mining Corp. engages in the acquisition, exploration, and exploitation of mineral properties and projects located in Latin America. It explores for copper, iron ore, gold, and other base and precious metals. The company principally holds 51% interests in Marimaca copper oxide project located in the Antofagasta Region of northern Chile.