Corsa Coal (CVE:CSO) Shares Up 51.2% – Here’s Why

Corsa Coal Corp. (CVE:CSO) shares traded up 51.2% on Tuesday . The company traded as high as C$0.31 and last traded at C$0.31. 303,240 shares traded hands during mid-day trading, an increase of 348% from the average session volume of 67,681 shares. The stock had previously closed at C$0.21.

Corsa Coal Price Performance

The company has a quick ratio of 0.82, a current ratio of 0.70 and a debt-to-equity ratio of 30.87. The company’s fifty day moving average price is C$0.20 and its two-hundred day moving average price is C$0.27. The company has a market cap of C$32.18 million, a price-to-earnings ratio of -4.43 and a beta of 1.57.

Corsa Coal (CVE:CSO) last released its earnings results on Wednesday, August 28th. The company reported C($0.12) earnings per share (EPS) for the quarter. The firm had revenue of C$50.30 million for the quarter. Corsa Coal had a negative return on equity of 5.79% and a negative net margin of 2.43%. On average, equities research analysts forecast that Corsa Coal Corp. will post 0.7455 EPS for the current fiscal year.

About Corsa Coal

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.