Champion Bear Resources (CVE:CBA) Trading 16.7% Higher – Here’s What Happened

Champion Bear Resources Ltd. (CVE:CBA)’s share price was up 16.7% during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 286,800 shares traded hands during trading, an increase of 101% from the average daily volume of 142,382 shares. The stock had previously closed at C$0.03.

Champion Bear Resources Stock Performance

The business’s fifty day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a debt-to-equity ratio of 154.94, a quick ratio of 0.00 and a current ratio of 0.01. The stock has a market capitalization of C$2.63 million, a P/E ratio of -3.50 and a beta of 1.77.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.