Corridor Resources (TSE:CDH) Stock Price Down 4.8%

Corridor Resources Inc. (TSE:CDH)’s share price was down 4.8% during trading on Monday . The stock traded as low as C$1.35 and last traded at C$1.38. Approximately 103,002 shares traded hands during trading, a decline of 81% from the average daily volume of 528,295 shares. The stock had previously closed at C$1.45.

Corridor Resources Stock Down 4.8 %

The business has a fifty day moving average price of C$1.38. The firm has a market cap 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.