Colonial Coal International (CVE:CAD) Shares Pass Above 200-Day Moving Average of $2.31

Colonial Coal International Corp. (CVE:CAD)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.31 and traded as high as C$2.50. Colonial Coal International shares last traded at C$2.46, with a volume of 18,040 shares.

Colonial Coal International Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 14.48 and a current ratio of 32.39. The stock has a market cap of C$441.87 million, a PE ratio of -41.00 and a beta of 1.60. The stock’s 50-day moving average is C$2.55 and its two-hundred day moving average is C$2.31.

Colonial Coal International (CVE:CAD) last posted its quarterly earnings data on Tuesday, May 28th. The mining company reported C($0.01) earnings per share for the quarter. On average, equities analysts predict that Colonial Coal International Corp. will post -0.01 earnings per share for the current year.

About Colonial Coal International

Colonial Coal International Corp. engages in the acquisition, exploration, and development of coal properties in Canada. It owns a 100% interest in the Huguenot coal project, a coal project with seventeen licenses covering an area of approximately 7,592 hectares. The company also holds interest in Flatbed coal property with eight coal licenses covering approximately 9,077 hectares in the Liard Mining Division, northeastern British Columbia.