Champion Bear Resources (CVE:CBA) Stock Passes Above 200-Day Moving Average – Time to Sell?

Champion Bear Resources Ltd. (CVE:CBA)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.05 and traded as high as C$0.06. Champion Bear Resources shares last traded at C$0.06, with a volume of 18,101 shares traded.

Champion Bear Resources Trading Down 29.4%

The stock has a 50 day moving average of C$0.07 and a 200 day moving average of C$0.05. The company has a debt-to-equity ratio of 154.94, a current ratio of 0.01 and a quick ratio of 0.00. The firm has a market cap of C$4.51 million, a P/E ratio of -6.00 and a beta of 1.76.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.