Corridor Resources Inc. (TSE:CDH)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.07 and traded as high as $1.26. Corridor Resources shares last traded at $1.26, with a volume of 122,700 shares.

The company has a market cap of $111.95 million and a PE ratio of 15.30. The business has a 50 day simple moving average of C$1.10 and a two-hundred day simple moving average of C$0.79. The company has a current ratio of 69.35, a quick ratio of 67.53 and a debt-to-equity ratio of 0.28.

Corridor Resources (TSE:CDH) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C($0.01) earnings per share for the quarter. On average, equities research analysts expect that Corridor Resources Inc. will post -0.01 earnings per share for the current fiscal year.

In other Corridor Resources news, Senior Officer Andrea Anita Creemer sold 25,800 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of C$1.27, for a total transaction of C$32,766.00. Following the transaction, the insider now owns 41,856 shares of the company’s stock, valued at approximately C$53,157.12. In the last three months, insiders have sold 125,699 shares of company stock worth $157,738.

About Corridor Resources (TSE:CDH)

Corridor Resources Inc, a junior resource company, explores for, develops, and produces petroleum and natural gas. The company explores for petroleum and natural gas onshore in New Brunswick and Qu├ębec; and offshore in the Gulf of St. Lawrence. Its principal properties include the McCully Field located to the northeast of Sussex, New Brunswick; the Frederick Brook Shale located in the Elgin sub-basin in southern New Brunswick; and the Old Harry prospect located in the Gulf of St.

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