Corridor Resources (TSE:CDH) Shares Cross Below Fifty Day Moving Average of $0.65

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Corridor Resources Inc. (TSE:CDH)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.65 and traded as low as $0.63. Corridor Resources shares last traded at $0.64, with a volume of 110,500 shares trading hands.

The firm has a market cap of $58.18 million and a price-to-earnings ratio of 8.18. The company has a quick ratio of 79.08, a current ratio of 81.69 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of C$0.65 and a 200-day moving average price of C$0.69.

Corridor Resources Company Profile (TSE:CDH)

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.

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