Colonial Coal International (CVE:CAD) Share Price Passes Below 200-Day Moving Average of $0.43

Colonial Coal International Corp (CVE:CAD) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.43 and traded as low as $0.35. Colonial Coal International shares last traded at $0.35, with a volume of 21,000 shares trading hands.

The business’s 50 day moving average is C$0.32 and its two-hundred day moving average is C$0.43. The firm has a market capitalization of $47.65 million and a PE ratio of -38.89.

About Colonial Coal International (CVE:CAD)

Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and development of metallurgical coal properties in Canada. It owns a 100% interest in the Huguenot coal project with 17 licenses covering an area of 9,531 hectares; and the Flatbed coal project with 8 licenses covering an area of 9,607 hectares in the Liard Mining Division, northeastern British Columbia.

See Also: Diluted Earnings Per Share

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