Colibri Resource (CVE:CBI) Hits New 12-Month High – Still a Buy?

Colibri Resource Co. (CVE:CBI)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.30 and last traded at C$0.30, with a volume of 20500 shares changing hands. The stock had previously closed at C$0.30.

Colibri Resource Trading Up 3.3%

The company has a current ratio of 0.47, a quick ratio of 3.51 and a debt-to-equity ratio of 52.61. The firm has a market cap of C$7.16 million, a price-to-earnings ratio of -10.33 and a beta of 1.21. The company has a fifty day moving average price of C$0.21 and a 200-day moving average price of C$0.17.

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.