Colibri Resource (CVE:CBI) Hits New 1-Year High – Time to Buy?

Colibri Resource Co. (CVE:CBIGet Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25, with a volume of 15610 shares. The stock had previously closed at C$0.20.

Colibri Resource Trading Up 11.5%

The company has a debt-to-equity ratio of 52.61, a current ratio of 0.47 and a quick ratio of 3.51. The firm has a market cap of C$6.69 million, a price-to-earnings ratio of -9.67 and a beta of 0.91. The business’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.16.

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. 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.

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