Champion Bear Resources (CVE:CBA) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Champion Bear Resources Ltd. (CVE:CBA)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.02 and traded as high as C$0.05. Champion Bear Resources shares last traded at C$0.04, with a volume of 43,000 shares traded.

Champion Bear Resources Trading Down 30.0%

The company has a quick ratio of 0.00, a current ratio of 0.01 and a debt-to-equity ratio of 154.94. The company’s fifty day moving average price is C$0.03 and its two-hundred day moving average price is C$0.02. The firm has a market cap of C$2.63 million, a PE ratio of -3.50 and a beta of 1.77.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.