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

Cordoba Minerals Corp. (CVE:CDB)’s stock price rose 25% during trading on Friday . The company traded as high as C$0.50 and last traded at C$0.45. Approximately 320,138 shares were traded during trading, an increase of 563% from the average daily volume of 48,266 shares. The stock had previously closed at C$0.36.

Cordoba Minerals Trading Up 25.0 %

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

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.