Colibri Resource (CVE:CBI) Reaches New 12-Month Low – Should You Sell?

Shares of Colibri Resource Co. (CVE:CBI) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 17968 shares changing hands. The stock had previously closed at C$0.03.

Colibri Resource Stock Performance

The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47. The stock has a market capitalization of C$2.59 million, a P/E ratio of -1.25 and a beta of 1.12. The business has a 50-day moving average price of C$0.03 and a 200 day moving average price of C$0.04.

Colibri Resource Company Profile

Colibri Resource Corporation, a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company explores for gold, silver, copper, molybdenum, and other metal deposits. Its flagship property is its 100% owned Evelyn gold project that covers an area of 506 hectares located in the State of Sonora, Mexico.