Champion Bear Resources (CVE:CBA) Shares Down 20% – Should You Sell?

Champion Bear Resources Ltd. (CVE:CBA) shares dropped 20% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 250,000 shares traded hands during mid-day trading, an increase of 308% from the average daily volume of 61,345 shares. The stock had previously closed at C$0.03.

Champion Bear Resources Stock Performance

The company has a market cap of C$1.51 million, a PE ratio of -2.50 and a beta of 0.73. The company has a current ratio of 0.01, a quick ratio of 0.00 and a debt-to-equity ratio of 154.94. The stock has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.05.

About Champion Bear Resources

Champion Bear Resources Ltd., a mineral exploration company, acquires, explores for, and develops mineral properties in Canada. It primary explores for gold, platinum group metals, nickel, copper, poly-metallic, lithium, tantalum, and REE deposits. The company holds 100% interests in the Eagle Rock property consisting of 458 staked claims that covers an area of approximately 32,850 acres; the Separation Rapids lithium and tantalum property comprises 8 mining claims in 2 blocks covering an area of approximately 400 acres; and the Plomp Farm property that includes 48 claims covering an area of approximately 2,400 acres located in Ontario.