Corridor Resources (TSE:CDH) Trading Down 4.8% – Should You Sell?

Corridor Resources Inc. (TSE:CDH) traded down 4.8% on Monday . The company traded as low as C$1.35 and last traded at C$1.38. 103,002 shares were traded during mid-day trading, a decline of 81% from the average session volume of 528,295 shares. The stock had previously closed at C$1.45.

Corridor Resources Stock Performance

The business has a 50 day simple moving average of C$1.38. The company has a market capitalization of C$121.64 million and a PE ratio of 16.63. The company has a quick ratio of 67.53, a current ratio of 69.35 and a debt-to-equity ratio of 0.28.

Corridor Resources Company Profile

Corridor Resources Inc, a junior resource company, explores for, develops, and produces petroleum and natural gas. The company explores for petroleum and natural gas onshore in New Brunswick and Québec; and offshore in the Gulf of St. Lawrence. Its principal properties include the McCully Field located to the northeast of Sussex, New Brunswick; the Frederick Brook Shale located in the Elgin sub-basin in southern New Brunswick; and the Old Harry prospect located in the Gulf of St.