Colibri Resource (CVE:CBI) Sets New 1-Year Low – Here’s Why

Colibri Resource Co. (CVE:CBI)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.09 and last traded at C$0.09, with a volume of 48500 shares traded. The stock had previously closed at C$0.11.

Colibri Resource Trading Down 14.3%

The stock has a market capitalization of C$2.08 million, a price-to-earnings ratio of -3.00 and a beta of 1.35. The company’s 50-day moving average is C$0.13 and its 200-day moving average is C$0.19. The company has a quick ratio of 3.51, a current ratio of 0.47 and a debt-to-equity ratio of 52.61.

About Colibri Resource

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. The company also owns the Plomo Gold Project that covers an area of 4,260 hectares located in the Caborca Gold Belt. Colibri Resource Corporation is headquartered in Dieppe, Canada.