Shares of Corridor Resources Inc. (TSE:CDH – Get Free Report) dropped 4.8% during mid-day trading on Monday . The company traded as low as C$1.35 and last traded at C$1.38. Approximately 103,002 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 528,295 shares. The stock had previously closed at C$1.45.
Corridor Resources Price Performance
The stock’s fifty day moving average price is C$1.38. The firm has a market capitalization of C$121.64 million and a price-to-earnings ratio of 16.63. The company has a quick ratio of 67.53, a current ratio of 69.35 and a debt-to-equity ratio of 0.28.
Corridor Resources Company Profile
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 Québec; 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.
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