Colonial Coal International Corp (CVE:CAD) fell 11.7% during trading on Monday . The company traded as low as C$0.42 and last traded at C$0.42. 102,600 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 81,064 shares. The stock had previously closed at C$0.47.
The company has a market cap of $70.50 million and a P/E ratio of -20.48.
In other news, insider Rosseau Asset Management Ltd. acquired 1,935,500 shares of Colonial Coal International stock in a transaction dated Tuesday, December 11th. The shares were bought at an average cost of C$0.41 per share, with a total value of C$793,555.00. Over the last ninety days, insiders bought 1,996,000 shares of company stock worth $816,060.
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Colonial Coal International Company Profile (CVE:CAD)
Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and development of metallurgical coal properties in Canada. It owns a 100% interest in the Huguenot coal project with 17 licenses covering an area of 9,531 hectares; and the Flatbed coal project with 8 licenses covering an area of 9,607 hectares in the Liard Mining Division, northeastern British Columbia.
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