Corridor Resources (TSE:CDH) Share Price Crosses Above 200-Day Moving Average of $0.00

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Corridor Resources Inc. (TSE:CDH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.68. Corridor Resources shares last traded at $0.68, with a volume of 92,674 shares trading hands.

The stock’s 50 day moving average price is C$0.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 58.14 and a current ratio of 59.59. The stock has a market cap of $60.47 million and a PE ratio of -19.41.

Corridor Resources (TSE:CDH) last issued its earnings results on Monday, May 13th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$6.01 million during the quarter. Sell-side analysts anticipate that Corridor Resources Inc. will post -0.01 earnings per share for the current year.

About Corridor Resources (TSE:CDH)

Corridor Resources Inc, a junior resource company, explores for, develops, and produces petroleum and natural gas. The company explores for petroleum and natural gas onshore in New Brunswick and Qu├ębec; and offshore in the Gulf of St. Lawrence. Its principal properties include the McCully Field located to the northeast of Sussex, New Brunswick; the Frederick Brook Shale located in the Elgin sub-basin in southern New Brunswick; and the Old Harry prospect located in the Gulf of St.

Further Reading: Why investors pay attention to retained earnings

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