Corsa Coal (CVE:CSO) Shares Up 13.6%

Corsa Coal Corp. (CVE:CSO)’s stock price shot up 13.6% during mid-day trading on Monday . The stock traded as high as C$0.34 and last traded at C$0.34. 172,500 shares were traded during trading, an increase of 76% from the average session volume of 97,939 shares. The stock had previously closed at C$0.30.

Corsa Coal Trading Up 4.5 %

The stock has a market cap of C$35.81 million, a PE ratio of 1.15 and a beta of 1.75. The firm has a 50-day simple moving average of C$0.34 and a 200-day simple moving average of C$0.42. The company has a quick ratio of 0.82, a current ratio of 1.38 and a debt-to-equity ratio of 25.33.

Corsa Coal (CVE:CSO) last released its quarterly earnings results on Tuesday, March 12th. The company reported C($0.08) earnings per share for the quarter. The firm had revenue of C$58.27 million during the quarter. Corsa Coal had a return on equity of 32.01% and a net margin of 11.95%. Equities analysts forecast that Corsa Coal Corp. will post 0.7455 earnings per share 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 also 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.