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

Colibri Resource Co. (CVE:CBIGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 12000 shares traded. The stock had previously closed at C$0.05.

Colibri Resource Stock Performance

The company has a current ratio of 0.47, a quick ratio of 3.51 and a debt-to-equity ratio of 52.61. The firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The company has a market cap of C$4.67 million, a P/E ratio of -2.25 and a beta of 1.15.

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.

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