Colibri Resource (CVE:CBI) Sets New 52-Week Low – Here’s Why

Shares of Colibri Resource Co. (CVE:CBIGet Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.02, with a volume of 9000 shares trading hands. The stock had previously closed at C$0.03.

Colibri Resource Trading Down 20.0 %

The company has a market cap of C$2.08 million, a P/E ratio of -1.00 and a beta of 1.12. The business’s 50-day moving average price is C$0.03 and its 200 day moving average price is C$0.04. The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47.

About Colibri Resource

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Colibri Resource Corporation, a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company explores for gold, silver, copper, molybdenum, and other metal deposits. Its flagship property is its 100% owned Evelyn gold project that covers an area of 506 hectares located in the State of Sonora, Mexico.

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