Cordoba Minerals (CVE:CDB) Trading 25% Higher – Here’s Why

Shares of Cordoba Minerals Corp. (CVE:CDB) traded up 25% during trading on Saturday . The company traded as high as C$0.50 and last traded at C$0.45. 320,138 shares changed hands during trading, an increase of 563% from the average session volume of 48,266 shares. The stock had previously closed at C$0.36.

Cordoba Minerals Stock Performance

The company has a debt-to-equity ratio of 27.84, a current ratio of 3.09 and a quick ratio of 0.11. The stock’s 50-day simple moving average is C$0.36 and its 200 day simple moving average is C$0.40. The stock has a market capitalization of C$40.09 million, a P/E ratio of -2.46 and a beta of 0.82.

Cordoba Minerals Company Profile

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.