Corridor Resources (TSE:CDH) Shares Down 4.8%

Corridor Resources Inc. (TSE:CDH) was down 4.8% during trading on Monday . The stock traded as low as C$1.35 and last traded at C$1.38. Approximately 103,002 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 528,295 shares. The stock had previously closed at C$1.45.

Corridor Resources Trading Down 4.8 %

The business’s fifty day moving average price is C$1.38. The company has a market capitalization of C$121.64 million and a price-to-earnings ratio of 16.63. The company has a current ratio of 69.35, a quick ratio of 67.53 and a debt-to-equity ratio of 0.28.

Corridor Resources Company Profile

Corridor Resources Inc, a junior resource company, explores for, develops, and produces petroleum and natural gas. The company explores for petroleum and natural gas onshore in New Brunswick and Québec; and offshore in the Gulf of St. Lawrence. Its principal properties include the McCully Field located to the northeast of Sussex, New Brunswick; the Frederick Brook Shale located in the Elgin sub-basin in southern New Brunswick; and the Old Harry prospect located in the Gulf of St.