Colibri Resource (CVE:CBI) Stock Price Up 17.6% – Here’s What Happened

Shares of Colibri Resource Co. (CVE:CBIGet Free Report) rose 17.6% during mid-day trading on Friday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 200,720 shares traded hands during mid-day trading, an increase of 200% from the average daily volume of 66,819 shares. The stock had previously closed at C$0.09.

Colibri Resource Trading Up 17.6%

The company’s fifty day moving average price is C$0.10 and its two-hundred day moving average price is C$0.18. The company has a current ratio of 0.47, a quick ratio of 3.51 and a debt-to-equity ratio of 52.61. The firm has a market cap of C$3.69 million, a P/E ratio of -2.00 and a beta of 1.35.

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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