Cornerstone Capital Resources (CVE:CGP) Stock Price Up 8.6% – Here’s Why

Cornerstone Capital Resources Inc. (CVE:CGPGet Free Report)’s share price traded up 8.6% on Friday . The company traded as high as C$4.00 and last traded at C$3.90. 98,425 shares traded hands during mid-day trading, an increase of 538% from the average session volume of 15,437 shares. The stock had previously closed at C$3.59.

Cornerstone Capital Resources Stock Performance

The firm’s 50-day simple moving average is C$3.90 and its 200-day simple moving average is C$3.90. The company has a market capitalization of C$143.99 million, a price-to-earnings ratio of -20.60 and a beta of 1.48.

Cornerstone Capital Resources Company Profile

(Get Free Report)

Cornerstone Capital Resources Inc, through its subsidiaries, engages in the acquisition, evaluation, and exploration of mineral properties in Ecuador and Chile. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project located in northern Ecuador.

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