Coro Mining (TSE:COP) Trading 20% Higher – Still a Buy?

Shares of Coro Mining Corp (TSE:COPGet Free Report) shot up 20% during mid-day trading on Monday . The company traded as high as C$1.75 and last traded at C$1.50. 84,487 shares were traded during trading, a decline of 70% from the average session volume of 281,373 shares. The stock had previously closed at C$1.25.

Coro Mining Stock Performance

The business has a 50-day moving average of C$0.84. The firm has a market capitalization of C$2.41 billion and a P/E ratio of -150.00. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.50 and a quick ratio of 0.47.

Coro Mining Company Profile

(Get Free Report)

Coro Mining Corp. engages in the acquisition, exploration, and exploitation of mineral properties and projects located in Latin America. It explores for copper, iron ore, gold, and other base and precious metals. The company principally holds 51% interests in Marimaca copper oxide project located in the Antofagasta Region of northern Chile.

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