Cordoba Minerals (CVE:CDB) Shares Down 18.5% – Time to Sell?

Shares of Cordoba Minerals Corp. (CVE:CDB) dropped 18.5% during mid-day trading on Friday . The company traded as low as C$0.54 and last traded at C$0.75. Approximately 173,134 shares traded hands during mid-day trading, an increase of 302% from the average daily volume of 43,022 shares. The stock had previously closed at C$0.92.

Cordoba Minerals Price Performance

The company has a fifty day simple moving average of C$0.59 and a two-hundred day simple moving average of C$0.46. The company has a debt-to-equity ratio of 27.84, a quick ratio of 0.11 and a current ratio of 3.09. The company has a market capitalization of C$66.82 million, a price-to-earnings ratio of -4.09 and a beta of 0.82.

About Cordoba Minerals

Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties in Colombia and the United States. The company explores for copper, silver, and gold deposits. It primarily holds a 100% interest in the San Matias project with exploration licenses covering 146.62 square kilometers and has an additional 893.91 square kilometers of mining titles under application located in the municipality of Puerto Libertador, Department of Cordoba, Colombia.