Cordoba Minerals (CVE:CDB) Stock Price Down 18.5% – Time to Sell?

Cordoba Minerals Corp. (CVE:CDB)’s share price dropped 18.5% during trading on Saturday . The company traded as low as C$0.54 and last traded at C$0.75. Approximately 173,134 shares changed hands during mid-day trading, an increase of 302% from the average daily volume of 43,022 shares. The stock had previously closed at C$0.92.

Cordoba Minerals Trading Down 18.5%

The company has a debt-to-equity ratio of 27.84, a current ratio of 3.09 and a quick ratio of 0.11. The company has a market cap of C$66.82 million, a price-to-earnings ratio of -4.09 and a beta of 0.82. The business has a 50 day simple moving average of C$0.59 and a 200 day simple moving average of C$0.46.

About Cordoba Minerals

Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties in Colombia and the United States. The company explores for copper, silver, and gold deposits. It primarily holds a 100% interest in the San Matias project with exploration licenses covering 146.62 square kilometers and has an additional 893.91 square kilometers of mining titles under application located in the municipality of Puerto Libertador, Department of Cordoba, Colombia.