Colibri Resource (CVE:CBI) Reaches New 52-Week Low – Should You Sell?

Colibri Resource Co. (CVE:CBIGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.03, with a volume of 166500 shares. The stock had previously closed at C$0.03.

Colibri Resource Stock Down 16.7 %

The company has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.05. 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 company has a market capitalization of C$2.59 million, a PE ratio of -1.50 and a beta of 1.12.

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.

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