Colorado Resources Ltd (CVE:CXO) was up 16.7% during trading on Tuesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 253,500 shares changed hands during trading, an increase of 22% from the average daily volume of 207,427 shares. The stock had previously closed at C$0.06.
The firm has a market cap of $7.49 million and a P/E ratio of -1.89. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.51 and a current ratio of 0.53.
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Colorado Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, and copper deposits. The company's principal assets include the North ROK, Hit, Kinaskan-Castle, KSP, and KingPin properties located in British Columbia.
Further Reading: Using other technical indicators with support levels
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