Champion Bear Resources (CVE:CBA) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Champion Bear Resources Ltd. (CVE:CBA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.05 and traded as high as C$0.07. Champion Bear Resources shares last traded at C$0.07, with a volume of 61,683 shares.

Champion Bear Resources Stock Performance

The stock has a market cap of C$5.64 million, a P/E ratio of -7.50 and a beta of 1.76. The company has a debt-to-equity ratio of 154.94, a current ratio of 0.01 and a quick ratio of 0.00. The stock’s 50 day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.05.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.