Corsa Coal (CVE:CSO) Trading Up 12.7%

Corsa Coal Corp. (CVE:CSO) was up 12.7% on Wednesday . The stock traded as high as C$0.31 and last traded at C$0.31. Approximately 133,900 shares traded hands during mid-day trading, an increase of 70% from the average daily volume of 78,976 shares. The stock had previously closed at C$0.28.

Corsa Coal Stock Up 3.2 %

The company has a current ratio of 1.38, a quick ratio of 0.82 and a debt-to-equity ratio of 25.33. The firm has a 50 day moving average of C$0.30 and a two-hundred day moving average of C$0.34. The stock has a market capitalization of C$33.22 million, a PE ratio of 1.07 and a beta of 1.62.

Corsa Coal (CVE:CSO) last announced its quarterly earnings data on Wednesday, May 29th. The company reported C($0.11) EPS for the quarter. The business had revenue of C$48.52 million during the quarter. Corsa Coal had a net margin of 11.95% and a return on equity of 32.01%. Equities research analysts anticipate that Corsa Coal Corp. will post 0.7455 earnings per share for the current year.

Corsa Coal Company Profile

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe. The company is involved in the exploring, acquiring, and developing coal resource properties. Its flagship mine is the Casselman Mine property with approximately 6.2 million tons of clean coking coal located in the Maryland, United States.