Corsa Coal (CVE:CSO) Trading 25.6% Higher – What’s Next?

Corsa Coal Corp. (CVE:CSO) rose 25.6% on Wednesday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 69,866 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 61,289 shares. The stock had previously closed at C$0.22.

Corsa Coal Stock Up 25.6 %

The firm has a 50 day moving average of C$0.22 and a 200 day moving average of C$0.25. The firm has a market cap of C$28.03 million, a price-to-earnings ratio of -3.86 and a beta of 1.57. The company has a quick ratio of 0.82, a current ratio of 0.70 and a debt-to-equity ratio of 30.87.

Corsa Coal (CVE:CSO) last issued its quarterly earnings results on Wednesday, August 28th. The company reported C($0.12) earnings per share (EPS) for the quarter. Corsa Coal had a negative return on equity of 5.79% and a negative net margin of 2.43%. The company had revenue of C$50.30 million for the quarter. As a group, sell-side analysts predict that Corsa Coal Corp. will post 0.7455 earnings per share for the current year.

About Corsa Coal

Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe. The company is involved in the exploring, acquiring, and developing coal resource properties. Its flagship mine is the Casselman Mine property with approximately 6.2 million tons of clean coking coal located in the Maryland, United States.