Colibri Resource (CVE:CBI) Hits New 52-Week Low – Time to Sell?

Colibri Resource Co. (CVE:CBI)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.02, with a volume of 9000 shares changing hands. The stock had previously closed at C$0.03.

Colibri Resource Stock Down 20.0 %

The company has a quick ratio of 3.51, a current ratio of 0.47 and a debt-to-equity ratio of 52.61. The company has a market capitalization of C$2.08 million, a P/E ratio of -1.00 and a beta of 1.12. The firm has a fifty day simple moving average of C$0.03 and a 200-day simple moving average of C$0.04.

Colibri Resource Company Profile

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.