Cordoba Minerals (CVE:CDB) Shares Down 18.5% – What’s Next?

Cordoba Minerals Corp. (CVE:CDB)’s share price fell 18.5% on Saturday . The company traded as low as C$0.54 and last traded at C$0.75. 173,134 shares changed hands during trading, an increase of 302% from the average session volume of 43,022 shares. The stock had previously closed at C$0.92.

Cordoba Minerals Stock Performance

The stock’s fifty day moving average price is C$0.59 and its two-hundred day moving average price is 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 cap of C$66.82 million, a P/E ratio of -4.09 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.