Corsa Coal (CVE:CSO) Shares Up 15.4%

Corsa Coal Corp. (CVE:CSOGet Free Report)’s stock price traded up 15.4% on Wednesday . The stock traded as high as C$0.30 and last traded at C$0.30. 165,021 shares were traded during mid-day trading, an increase of 75% from the average session volume of 94,259 shares. The stock had previously closed at C$0.26.

Corsa Coal Trading Up 21.2 %

The company has a debt-to-equity ratio of 25.33, a quick ratio of 0.82 and a current ratio of 1.38. The firm has a market capitalization of C$32.70 million, a PE ratio of 1.10 and a beta of 1.75. The stock’s 50-day simple moving average is C$0.35 and its 200-day simple moving average is C$0.47.

Corsa Coal (CVE:CSOGet Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. Corsa Coal had a return on equity of 32.01% and a net margin of 11.95%. The company had revenue of C$58.27 million during the quarter. As a group, sell-side analysts expect that Corsa Coal Corp. will post 0.7455 EPS for the current fiscal year.

Corsa Coal Company Profile

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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.

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