Cobalt 27 Capital (CVE:KBLT) Stock Price Down 0.9% – What’s Next?

Cobalt 27 Capital Corp (CVE:KBLT)’s stock price dropped 0.9% during trading on Tuesday . The company traded as low as C$4.36 and last traded at C$4.36. Approximately 7,023 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 331,766 shares. The stock had previously closed at C$4.40.

Cobalt 27 Capital Stock Performance

The company has a market capitalization of C$372.67 million and a price-to-earnings ratio of -1.58. The company has a debt-to-equity ratio of 42.12, a current ratio of 2.10 and a quick ratio of 2.08. The company’s 50-day moving average price is C$4.36 and its two-hundred day moving average price is C$4.36.

About Cobalt 27 Capital

Cobalt 27 Capital Corp. operates as a minerals company. It holds physical cobalt material; owns a cobalt stream on Vale's worldclass Voisey's Bay mine; and manages a portfolio of nine royalties, as well as intends to invest in a cobalt-focused portfolio of streams, royalties, and direct interests in mineral properties containing cobalt.