Colibri Resource (CVE:CBI) Hits New 1-Year Low – Time to Sell?

Colibri Resource Co. (CVE:CBIGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 47000 shares traded. The stock had previously closed at C$0.09.

Colibri Resource Stock Up 12.5%

The company’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.13. 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 stock has a market cap of C$3.32 million, a PE ratio of -1.80 and a beta of 1.49.

Colibri Resource Company Profile

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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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