Corsa Coal (CVE:CSO) Stock Price Up 12.7%

Corsa Coal Corp. (CVE:CSO) shares rose 12.7% during mid-day trading on Wednesday . The company traded as high as C$0.31 and last traded at C$0.31. Approximately 133,900 shares changed hands during mid-day trading, an increase of 70% from the average daily volume of 78,976 shares. The stock had previously closed at C$0.28.

Corsa Coal Price Performance

The stock’s fifty day moving average price is C$0.31 and its 200-day moving average price is C$0.34. The company has a debt-to-equity ratio of 25.33, a quick ratio of 0.82 and a current ratio of 1.38. The firm has a market cap of C$32.18 million, a PE ratio of 0.92 and a beta of 1.62.

Corsa Coal (CVE:CSO) last posted its earnings results on Wednesday, May 29th. The company reported C($0.11) earnings per share for the quarter. Corsa Coal had a net margin of 11.95% and a return on equity of 32.01%. The business had revenue of C$48.52 million for the quarter. As a group, equities analysts forecast that Corsa Coal Corp. will post 0.7455 EPS for the current fiscal year.

About Corsa Coal

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe. The company is involved in the exploring, acquiring, and developing coal resource properties. Its flagship mine is the Casselman Mine property with approximately 6.2 million tons of clean coking coal located in the Maryland, United States.