Champion Bear Resources (CVE:CBA) Trading Down 28.6% – Here’s Why

Shares of Champion Bear Resources Ltd. (CVE:CBA) were down 28.6% during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.03. Approximately 180,000 shares changed hands during mid-day trading, an increase of 237% from the average daily volume of 53,449 shares. The stock had previously closed at C$0.04.

Champion Bear Resources Stock Down 28.6 %

The company has a quick ratio of 0.00, a current ratio of 0.01 and a debt-to-equity ratio of 154.94. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.05. The stock has a market capitalization of C$1.51 million, a P/E ratio of -2.50 and a beta of 0.73.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.