Colibri Resource (CVE:CBI) Shares Down 13.6% – Here’s What Happened

Colibri Resource Co. (CVE:CBI) shares traded down 13.6% during trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.19. 103,725 shares traded hands during trading, an increase of 170% from the average session volume of 38,431 shares. The stock had previously closed at C$0.22.

Colibri Resource Stock Performance

The company has a market cap of C$4.39 million, a price-to-earnings ratio of -6.33 and a beta of 0.81. The firm’s 50 day simple moving average is C$0.26 and its 200-day simple moving average is C$0.20. The company has a debt-to-equity ratio of 52.61, a quick ratio of 3.51 and a current ratio of 0.47.

About Colibri Resource

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.