Cordoba Minerals (CVE:CDB) Stock Price Up 25% – Here’s Why

Cordoba Minerals Corp. (CVE:CDB)’s share price rose 25% during mid-day trading on Friday . The company traded as high as C$0.50 and last traded at C$0.45. Approximately 320,138 shares were traded during mid-day trading, an increase of 563% from the average daily volume of 48,266 shares. The stock had previously closed at C$0.36.

Cordoba Minerals Stock Up 25.0 %

The firm has a market cap of C$40.09 million, a PE ratio of -2.46 and a beta of 0.82. The company has a debt-to-equity ratio of 27.84, a quick ratio of 0.11 and a current ratio of 3.09. The firm’s 50-day moving average price is C$0.36 and its two-hundred day moving average price is C$0.40.

About Cordoba Minerals

Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties in Colombia and the United States. The company explores for copper, silver, and gold deposits. It primarily holds a 100% interest in the San Matias project with exploration licenses covering 146.62 square kilometers and has an additional 893.91 square kilometers of mining titles under application located in the municipality of Puerto Libertador, Department of Cordoba, Colombia.