Corsa Coal (CVE:CSO) Hits New 52-Week Low at $0.22

Corsa Coal Corp. (CVE:CSO) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.22 and last traded at C$0.23, with a volume of 117639 shares trading hands. The stock had previously closed at C$0.25.

Corsa Coal Trading Down 6.1 %

The company has a market cap of C$23.87 million, a price-to-earnings ratio of 0.75 and a beta of 1.62. The company has a debt-to-equity ratio of 25.33, a current ratio of 1.38 and a quick ratio of 0.82. The business’s 50-day simple moving average is C$0.28 and its 200-day simple moving average is C$0.32.

Corsa Coal (CVE:CSO) last issued its quarterly earnings data on Wednesday, May 29th. The company reported C($0.11) earnings per share for the quarter. Corsa Coal had a return on equity of 32.01% and a net margin of 11.95%. The business had revenue of C$48.52 million for the quarter. Research analysts predict that Corsa Coal Corp. will post 0.7455 earnings per share for the current fiscal year.

About Corsa Coal

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe. The company is involved in the exploring, acquiring, and developing coal resource properties. Its flagship mine is the Casselman Mine property with approximately 6.2 million tons of clean coking coal located in the Maryland, United States.