Champion Bear Resources (CVE:CBA) Stock Price Up 50% – Still a Buy?

Champion Bear Resources Ltd. (CVE:CBA)’s share price rose 50% during trading on Monday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 290,000 shares were traded during mid-day trading, an increase of 353% from the average daily volume of 63,948 shares. The stock had previously closed at C$0.02.

Champion Bear Resources Stock Up 50.0%

The stock has a market cap of C$1.81 million, a P/E ratio of -3.00 and a beta of 0.73. The company has a quick ratio of 0.00, a current ratio of 0.01 and a debt-to-equity ratio of 154.94. The company has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.03.

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.