Cornerstone Capital Resources (CVE:CGP) Shares Up 8.6% – Here’s Why

Cornerstone Capital Resources Inc. (CVE:CGPGet Free Report) shares traded up 8.6% on Friday . The company traded as high as C$4.00 and last traded at C$3.90. 98,425 shares were traded during trading, an increase of 538% from the average session volume of 15,437 shares. The stock had previously closed at C$3.59.

Cornerstone Capital Resources Price Performance

The stock has a market capitalization of C$143.99 million, a P/E ratio of -17.73 and a beta of 1.48. The company’s 50-day simple moving average is C$3.90 and its 200-day simple moving average is C$3.90.

About Cornerstone Capital Resources

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Cornerstone Capital Resources Inc, through its subsidiaries, engages in the acquisition, evaluation, and exploration of mineral properties in Ecuador and Chile. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project located in northern Ecuador.

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