Corridor Resources (TSE:CDH) Share Price Passes Above Fifty Day Moving Average of $1.38

Corridor Resources Inc. (TSE:CDHGet Free Report)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.38 and traded as high as C$1.44. Corridor Resources shares last traded at C$1.38, with a volume of 103,002 shares.

Corridor Resources Price Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 69.35 and a quick ratio of 67.53. The stock has a market cap of C$121.64 million and a PE ratio of 16.63. The business’s 50 day moving average price is C$1.38.

Corridor Resources Company Profile

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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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