Colibri Resource (CVE:CBI) Stock Price Up 11.5% – Here’s Why

Colibri Resource Co. (CVE:CBIGet Free Report) shot up 11.5% during mid-day trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. 2,001 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 25,018 shares. The stock had previously closed at C$0.13.

Colibri Resource Stock Up 11.5%

The company’s 50 day simple moving average is C$0.07 and its 200-day simple moving average is C$0.04. The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47. The firm has a market capitalization of C$15.04 million, a PE ratio of -7.25 and a beta of 1.12.

About Colibri Resource

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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.

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