Cornerstone Capital Resources (CVE:CGP) Trading 8.6% Higher – Time to Buy?

Cornerstone Capital Resources Inc. (CVE:CGPGet Free Report) shares rose 8.6% during trading on Thursday . The stock traded as high as C$4.00 and last traded at C$3.90. Approximately 98,425 shares changed hands during mid-day trading, an increase of 538% from the average daily volume of 15,437 shares. The stock had previously closed at C$3.59.

Cornerstone Capital Resources Price Performance

The firm’s fifty day simple moving average is C$3.90 and its 200 day simple moving average is C$3.90. The company has a market capitalization of C$143.99 million, a price-to-earnings ratio of -17.73 and a beta of 1.48.

About Cornerstone Capital Resources

(Get Free Report)

Cornerstone Capital Resources Inc, through its subsidiaries, engages in the acquisition, evaluation, and exploration of mineral properties in Ecuador and Chile. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project located in northern Ecuador.

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