Cobalt Blue (ASX:COB) Stock Price Down 3.8%

Cobalt Blue Holdings Ltd (ASX:COB) shares fell 3.8% on Thursday . The company traded as low as A$0.13 ($0.09) and last traded at A$0.13 ($0.09), 119,843 shares changed hands during trading. A decline of 80% from the average session volume of 600,453 shares. The stock had previously closed at A$0.13 ($0.09).

The company has a quick ratio of 2.41, a current ratio of 2.52 and a debt-to-equity ratio of 2.99. The company’s 50-day moving average price is A$0.13. The stock has a market capitalization of $18.74 million and a P/E ratio of -5.95.

Cobalt Blue Company Profile (ASX:COB)

Cobalt Blue Holdings Limited engages in the development and commercialization of cobalt deposits. It holds 70% interest in the Thackaringa project that covers an area of approximately 63 square kilometers located in the Broken Hill, New South Wales. The company was incorporated in 2016 and is based in North Sydney, Australia.

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