Colibri Resource (CVE:CBI) Reaches New 12-Month Low – Time to Sell?

Shares of Colibri Resource Co. (CVE:CBI) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 47000 shares. The stock had previously closed at C$0.09.

Colibri Resource Stock Down 11.1%

The company’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.13. The company has a quick ratio of 3.51, a current ratio of 0.47 and a debt-to-equity ratio of 52.61. The firm has a market capitalization of C$2.95 million, a PE ratio of -1.60 and a beta of 1.49.

Colibri Resource Company Profile

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.