Salazar Resources (CVE:SRL) Shares Up 18.5% – Still a Buy?

Salazar Resources Limited (CVE:SRL)’s share price was up 18.5% during mid-day trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 679,470 shares traded hands during mid-day trading, an increase of 206% from the average daily volume of 221,951 shares. The stock had previously closed at C$0.14.

Salazar Resources Price Performance

The stock has a market cap of C$35.82 million, a PE ratio of -4.00 and a beta of 0.84. The business’s 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.09. The company has a quick ratio of 0.91, a current ratio of 7.36 and a debt-to-equity ratio of 0.52.

Salazar Resources Company Profile

Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. It holds a 100% interest in the Curipamba project that consists of seven concessions located in Ecuador.