Corsa Coal (CVE:CSO) Stock Price Up 25.6% – Still a Buy?

Corsa Coal Corp. (CVE:CSO) shares were up 25.6% during trading on Wednesday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 69,866 shares were traded during trading, an increase of 14% from the average daily volume of 61,289 shares. The stock had previously closed at C$0.22.

Corsa Coal Stock Down 1.9 %

The firm has a 50 day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.25. The company has a quick ratio of 0.82, a current ratio of 0.70 and a debt-to-equity ratio of 30.87. The stock has a market capitalization of C$27.51 million, a P/E ratio of -3.79 and a beta of 1.57.

Corsa Coal (CVE:CSO) last released its quarterly earnings data on Wednesday, August 28th. The company reported C($0.12) earnings per share for the quarter. The business had revenue of C$50.30 million during the quarter. Corsa Coal had a negative net margin of 2.43% and a negative return on equity of 5.79%. On average, equities research analysts expect that Corsa Coal Corp. will post 0.7455 earnings per share for the current 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.