Champion Bear Resources (CVE:CBA) Shares Down 28.6% – Time to Sell?

Champion Bear Resources Ltd. (CVE:CBA) shares dropped 28.6% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 105,000 shares traded hands during mid-day trading, an increase of 146% from the average daily volume of 42,734 shares. The stock had previously closed at C$0.04.

Champion Bear Resources Price Performance

The firm’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.05. The company has a market cap of C$1.81 million, a P/E ratio of -3.00 and a beta of 0.73. The company has a debt-to-equity ratio of 154.94, a current ratio of 0.01 and a quick ratio of 0.00.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.