Colibri Resource (CVE:CBI) Trading Up 23.1% – Still a Buy?

Colibri Resource Co. (CVE:CBIGet Free Report)’s share price traded up 23.1% on Friday . The stock traded as high as C$0.16 and last traded at C$0.16. 150,000 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 73,783 shares. The stock had previously closed at C$0.13.

Colibri Resource Trading Up 7.7%

The business has a 50-day moving average of C$0.24 and a 200-day moving average of C$0.20. The stock has a market capitalization of C$3.23 million, a price-to-earnings ratio of -4.67 and a beta of 0.15. The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47.

Colibri Resource Company Profile

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Colibri Resource Corporation, a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company explores for gold, silver, copper, molybdenum, and other metal deposits. Its flagship property is its 100% owned Evelyn gold project that covers an area of 506 hectares located in the State of Sonora, Mexico. The company also owns the Plomo Gold Project that covers an area of 4,260 hectares located in the Caborca Gold Belt. Colibri Resource Corporation is headquartered in Dieppe, Canada.

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