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

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

Coro Mining Stock Performance

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

Coro Mining Company Profile

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.