Colibri Resource (CVE:CBI) Stock Price Up 15.8% – Here’s Why

Colibri Resource Co. (CVE:CBI)’s share price shot up 15.8% during trading on Wednesday . The company traded as high as C$0.22 and last traded at C$0.22. 1,313 shares changed hands during trading, a decline of 96% from the average session volume of 37,123 shares. The stock had previously closed at C$0.19.

Colibri Resource Price Performance

The firm has a 50-day simple moving average of C$0.26 and a 200-day simple moving average of C$0.20. The firm has a market capitalization of C$5.08 million, a PE ratio of -7.33 and a beta of 0.81. The company has a debt-to-equity ratio of 52.61, a current ratio of 0.47 and a quick ratio of 3.51.

About Colibri Resource

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. The company also owns the Plomo Gold Project that covers an area of 4,260 hectares located in the Caborca Gold Belt. Colibri Resource Corporation is headquartered in Dieppe, Canada.