Corsa Coal Corp. (CVE:CSO – Get Free Report)’s share price dropped 17.7% on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. Approximately 85,330 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 67,965 shares. The stock had previously closed at C$0.31.
Corsa Coal Price Performance
The firm has a 50 day moving average of C$0.20 and a two-hundred day moving average of C$0.27. The company has a market cap of C$28.55 million, a PE ratio of -3.64 and a beta of 1.57. The company has a current ratio of 0.70, a quick ratio of 0.82 and a debt-to-equity ratio of 30.87.
Corsa Coal (CVE:CSO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C($0.12) earnings per share for the quarter. The company had revenue of C$50.30 million for the quarter. Corsa Coal had a negative net margin of 2.43% and a negative return on equity of 5.79%. Research analysts predict that Corsa Coal Corp. will post 0.7455 earnings per share for the current fiscal year.
Corsa Coal Company Profile
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.
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