Cordoba Minerals (CVE:CDB) Shares Down 12.5% – Time to Sell?

Cordoba Minerals Corp. (CVE:CDB) traded down 12.5% during trading on Tuesday . The company traded as low as C$0.35 and last traded at C$0.35. 117,500 shares were traded during mid-day trading, an increase of 480% from the average session volume of 20,247 shares. The stock had previously closed at C$0.40.

Cordoba Minerals Stock Performance

The firm has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.42. The company has a current ratio of 4.94, a quick ratio of 0.11 and a debt-to-equity ratio of 9.53. The company has a market capitalization of C$31.47 million, a price-to-earnings ratio of -1.75 and a beta of 0.82.

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.