Colibri Resource (CVE:CBI) Trading Up 6% – Should You Buy?

Colibri Resource Co. (CVE:CBIGet Free Report) rose 6% during trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 139,101 shares were traded during mid-day trading, an increase of 144% from the average daily volume of 57,101 shares. The stock had previously closed at C$0.25.

Colibri Resource Price Performance

The company has a quick ratio of 3.51, a current ratio of 0.47 and a debt-to-equity ratio of 52.61. The firm’s 50 day simple moving average is C$0.24 and its 200 day simple moving average is C$0.19. The company has a market capitalization of C$6.00 million, a PE ratio of -8.67 and a beta of 1.21.

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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