Colibri Resource (CVE:CBI) Shares Down 13.6% – Time to Sell?

Shares of Colibri Resource Co. (CVE:CBI) traded down 13.6% during mid-day trading on Friday . The company traded as low as C$0.19 and last traded at C$0.19. 103,725 shares were traded during mid-day trading, an increase of 170% from the average session volume of 38,431 shares. The stock had previously closed at C$0.22.

Colibri Resource Stock Performance

The stock has a market cap of C$4.39 million, a price-to-earnings ratio of -6.33 and a beta of 0.81. The company has a debt-to-equity ratio of 52.61, a current ratio of 0.47 and a quick ratio of 3.51. The firm has a fifty day moving average of C$0.26 and a 200 day moving average of C$0.20.

Colibri Resource Company Profile

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.