Colibri Resource (CVE:CBI) Trading Up 6% – Still a Buy?

Colibri Resource Co. (CVE:CBIGet Free Report)’s share price shot up 6% during mid-day trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.27. 139,101 shares were traded during trading, an increase of 144% from the average session volume of 57,101 shares. The stock had previously closed at C$0.25.

Colibri Resource Stock Performance

The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47. The company has a market cap of C$6.12 million, a price-to-earnings ratio of -8.83 and a beta of 1.21. The firm’s 50-day moving average price is C$0.23 and its 200 day moving average price is C$0.19.

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. The company also owns the Plomo Gold Project that covers an area of 4,260 hectares located in the Caborca Gold Belt. Colibri Resource Corporation is headquartered in Dieppe, Canada.

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