Colibri Resource (CVE:CBI) Trading Up 39.1% – Here’s Why

Colibri Resource Co. (CVE:CBI)’s share price shot up 39.1% during mid-day trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 184,668 shares were traded during mid-day trading, an increase of 179% from the average daily volume of 66,251 shares. The stock had previously closed at C$0.12.

Colibri Resource Trading Down 21.4%

The business has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.16. The firm has a market cap of C$4.06 million, a price-to-earnings ratio of -2.20 and a beta of 1.46. The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47.

About Colibri Resource

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.