Colonial Coal International (CVE:CAD) Sets New 1-Year High at $0.48

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Colonial Coal International Corp (CVE:CAD)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.48 and last traded at C$0.47, with a volume of 673500 shares changing hands. The stock had previously closed at C$0.39.

The stock’s 50-day moving average price is C$0.25 and its 200-day moving average price is C$0.30. The company has a market capitalization of $47.04 million and a price-to-earnings ratio of -33.57.

Colonial Coal International (CVE:CAD) last released its quarterly earnings data on Monday, March 30th. The mining company reported C($0.01) earnings per share for the quarter. As a group, research analysts expect that Colonial Coal International Corp will post -0.01 EPS for the current year.

About Colonial Coal International (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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