Sphinx Resources (CVE:SFX) Trading Down 25%

Sphinx Resources Ltd (CVE:SFX)’s share price was down 25% on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.02, approximately 964,324 shares were traded during trading. An increase of 791% from the average daily volume of 108,286 shares. The stock had previously closed at C$0.02.

The company’s 50 day moving average price is C$0.03 and its two-hundred day moving average price is C$0.03. The company has a quick ratio of 2.53, a current ratio of 2.66 and a debt-to-equity ratio of 35.67. The stock has a market cap of $2.52 million and a P/E ratio of -1.67.

Sphinx Resources Company Profile (CVE:SFX)

Sphinx Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for nickel, copper, gold, platinum, and palladium deposits. The company holds 100% interests in the Calumet-Sud project with 21 claims covering 12 km2 located in the Pontiac regional county municipality of southwestern Quebec; and the Green Palladium project with 74 claims covering 41 km2.

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