Cordoba Minerals (CVE:CDB) Hits New 1-Year High - Here's Why

Key Points

• Cordoba Minerals' stock hit a new 52-week high, trading as high as C$1.61 (last C$1.52) on Wednesday with volume of 7,491 shares and 50-/200-day SMAs at C$1.18 and C$0.95 respectively.
• The company is currently unprofitable (P/E -6.77) with a market cap of C$138.54 million, very low liquidity (quick ratio 0.11, current ratio 0.44) and an unusually negative debt-to-equity ratio (-585.77), signaling financial risk.
• Cordoba is a mineral exploration firm focused on copper, silver and gold at the San Matias project in Córdoba, Colombia, holding 100% of 146.62 km² of exploration licenses plus 893.91 km² of titles under application.

Cordoba Minerals Corp. (CVE:CDB - )'s stock price hit a new 52-week high on Wednesday . The company traded as high as C$1.61 and last traded at C$1.52, with a volume of 7491 shares. The stock had previously closed at C$1.56.

Cordoba Minerals Stock Performance

The stock has a market cap of C$138.54 million, a price-to-earnings ratio of -6.77 and a beta of 0.36. The company's 50-day simple moving average is C$1.18 and its 200-day simple moving average is C$0.95. The company has a quick ratio of 0.11, a current ratio of 0.44 and a debt-to-equity ratio of -585.77.

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.

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