Cordoba Minerals (CVE:CDB) Trading Down 18.5% - Here's Why

Cordoba Minerals Corp. (CVE:CDB - Get Free Report)'s stock price dropped 18.5% on Saturday . The company traded as low as C$0.54 and last traded at C$0.75. Approximately 173,134 shares changed hands during mid-day trading, an increase of 302% from the average daily volume of 43,022 shares. The stock had previously closed at C$0.92.

Cordoba Minerals Trading Down 1.3%

The business's 50 day moving average price is C$0.60 and its two-hundred day moving average price is C$0.46. The company has a market capitalization of C$65.93 million, a price-to-earnings ratio of -4.04 and a beta of 0.82. 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.