Cordoba Minerals (CVE:CDB) Trading 25% Higher – Should You Buy?

Cordoba Minerals Corp. (CVE:CDB)’s stock price was up 25% during mid-day trading on Saturday . The stock traded as high as C$0.50 and last traded at C$0.45. Approximately 320,138 shares changed hands during mid-day 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 Price Performance

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 price-to-earnings ratio of -2.46 and a beta of 0.82. The stock has a fifty day simple moving average of C$0.36 and a 200-day simple moving average of C$0.40.

Cordoba Minerals Company Profile

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.