Cobalt Blue (ASX:COB) Shares Up 7.4%

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Cobalt Blue Holdings Ltd (ASX:COB)’s share price shot up 7.4% during mid-day trading on Friday . The stock traded as high as A$0.15 ($0.10) and last traded at A$0.15 ($0.10), 138,719 shares were traded during trading. A decline of 77% from the average session volume of 600,453 shares. The stock had previously closed at A$0.14 ($0.10).

The company has a market capitalization of $21.74 million and a price-to-earnings ratio of -6.04. The company’s 50 day simple moving average is A$0.14 and its 200-day simple moving average is A$0.14. The company has a current ratio of 6.51, a quick ratio of 6.16 and a debt-to-equity ratio of 3.10.

Cobalt Blue Company Profile (ASX:COB)

Cobalt Blue Holdings Limited engages in the development and commercialization of cobalt deposits. It holds 70% interest in the Thackaringa project that covers an area of approximately 63 square kilometers located in the Broken Hill, New South Wales. The company was incorporated in 2016 and is based in North Sydney, Australia.

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