Cordoba Minerals (CVE:CDB) Shares Up 25% – Here’s What Happened

Cordoba Minerals Corp. (CVE:CDB)’s share price shot up 25% during mid-day trading on Saturday . The company traded as high as C$0.50 and last traded at C$0.45. 320,138 shares changed hands during trading, an increase of 563% from the average session volume of 48,266 shares. The stock had previously closed at C$0.36.

Cordoba Minerals Price Performance

The stock has a market capitalization of C$40.09 million, a P/E ratio of -2.46 and a beta of 0.82. The business has a fifty day simple moving average of C$0.36 and a 200-day simple moving average of C$0.40. The company has a debt-to-equity ratio of 27.84, a quick ratio of 0.11 and a current ratio of 3.09.

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.