Corsa Coal (CVE:CSO) Shares Up 2.2% – Time to Buy?

Corsa Coal Corp. (CVE:CSO) shot up 2.2% on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. 5,691 shares were traded during mid-day trading, a decline of 91% from the average session volume of 64,073 shares. The stock had previously closed at C$0.23.

Corsa Coal Price Performance

The stock’s 50 day simple moving average is C$0.21 and its 200-day simple moving average is C$0.26. The company has a market capitalization of C$23.88 million, a PE ratio of -3.29 and a beta of 1.57. The company has a debt-to-equity ratio of 30.87, a current ratio of 0.70 and a quick ratio of 0.82.

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

Corsa Coal Company Profile

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.