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Champion Bear Resources shares rose 16.7% on heavy volume, but reason for surge remains unknown.
Champion Bear Resources (CVE:CBA) shares jumped 16.7% to C$0.04 on Thursday, driven by double the usual trading volume.
The Canadian mineral exploration company, focused on gold, lithium, and rare earth elements, owns several properties including Eagle Rock, Separation Rapids, and Plomp Farm.
The stock has a market cap of C$2.63 million, a negative P/E ratio, and high debt relative to equity, with very low liquidity ratios.
Its 50-day and 200-day moving averages both sit at C$0.02.
The reason for the price increase was not stated.
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Las acciones de Champion Bear Resources subieron un 16,7% con un volumen elevado, pero la razón del aumento sigue siendo desconocida.