Corsa Coal (CVE:CSO) Stock Price Up 51.2% – Should You Buy?

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

Corsa Coal Trading Up 1.8 %

The stock has a market cap of C$29.07 million, a PE ratio of -4.00 and a beta of 1.57. 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 stock’s fifty day moving average price is C$0.20 and its 200 day moving average price is C$0.27.

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