Cordoba Minerals (CVE:CDB) Stock Price Down 3.4% - Here's Why

Key Points

• Cordoba Minerals Corp. shares dropped by 3.4% on Thursday, trading at C$0.85 with a significant decline in trading volume.
• The company has a debt-to-equity ratio of 27.84 and a market capitalization of C$78.50 million.
• Cordoba primarily focuses on exploring copper, silver, and gold deposits in Colombia and the United States, holding a 100% interest in the San Matias project.

Cordoba Minerals Corp. (CVE:CDB - ) was down 3.4% on Thursday . The stock traded as low as C$0.85 and last traded at C$0.85. Approximately 4,000 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 43,269 shares. The stock had previously closed at C$0.88.

Cordoba Minerals Price Performance

The company has a debt-to-equity ratio of 27.84, a current ratio of 3.09 and a quick ratio of 0.11. The company has a 50-day simple moving average of C$0.83 and a two-hundred day simple moving average of C$0.76. The stock has a market capitalization of C$78.50 million, a price-to-earnings ratio of -4.47 and a beta of -1.43.

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.

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