Colonial Coal International (CVE:CAD) Share Price Passes Below 50 Day Moving Average of $0.42

Colonial Coal International Corp (CVE:CAD)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.42 and traded as low as $0.39. Colonial Coal International shares last traded at $0.40, with a volume of 125,000 shares changing hands.

The business’s 50-day moving average price is C$0.42. The stock has a market capitalization of $62.93 million and a P/E ratio of -43.33.

About Colonial Coal International (CVE:CAD)

Colonial Coal International Corp., an exploration stage company, engages in the acquisition, exploration, and development of metallurgical coal properties in Canada. It owns a 100% interest in the Huguenot coal project with 17 licenses covering an area of 9,531 hectares; and the Flatbed coal project with 8 licenses covering an area of 9,607 hectares in the Liard Mining Division, northeastern British Columbia.

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