Colibri Resource (CVE:CBI) Trading 39.1% Higher – Still a Buy?

Colibri Resource Co. (CVE:CBIGet Free Report)’s stock price was up 39.1% on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 184,668 shares were traded during trading, an increase of 179% from the average session volume of 66,251 shares. The stock had previously closed at C$0.12.

Colibri Resource Stock Up 17.4%

The company has a quick ratio of 3.51, a current ratio of 0.47 and a debt-to-equity ratio of 52.61. The company has a market capitalization of C$4.98 million, a price-to-earnings ratio of -2.70 and a beta of 1.46. The stock’s fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.16.

About Colibri Resource

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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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