Corsa Coal (CVE:CSO) Stock Price Down 7.1% – What’s Next?

Corsa Coal Corp. (CVE:CSO)’s stock price traded down 7.1% during mid-day trading on Wednesday . The stock traded as low as C$0.19 and last traded at C$0.20. 66,220 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 60,883 shares. The stock had previously closed at C$0.21.

Corsa Coal Trading Down 7.1 %

The company has a market capitalization of C$20.24 million, a P/E ratio of -2.79 and a beta of 1.57. The company has a 50-day simple moving average of C$0.24 and a 200 day simple moving average of C$0.24. The company has a debt-to-equity ratio of 30.87, a quick ratio of 0.82 and a current ratio of 0.70.

Corsa Coal Company Profile

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.