Shares of Colorado Resources Ltd (CVE:CXO) shot up 18.2% during trading on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07, 1,193,468 shares traded hands during trading. An increase of 361% from the average session volume of 258,849 shares. The stock had previously closed at C$0.06.

The firm has a market capitalization of $8.45 million and a PE ratio of -6.88. The company’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 0.40.

Colorado Resources Company Profile (CVE:CXO)

Colorado Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, and copper deposits. The company's principal assets include the North ROK, Hit, Kinaskan-Castle, KSP, and KingPin properties located in British Columbia.

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