Sparton Resources (CVE:SRI) Sets New 52-Week High – Still a Buy?

Sparton Resources Inc. (CVE:SRIGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 43333 shares. The stock had previously closed at C$0.03.

Sparton Resources Stock Up 16.7%

The company has a market capitalization of C$5.95 million, a price-to-earnings ratio of -4.22 and a beta of 0.70. The company has a debt-to-equity ratio of 25.38, a current ratio of 0.40 and a quick ratio of 0.19. The firm’s fifty day moving average price is C$0.03 and its 200-day moving average price is C$0.02.

About Sparton Resources

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Sparton Resources Inc, an exploration and development stage company, engages in the exploration and evaluation of properties in Canada. It has an option agreement to acquire interest in the Bruell Gold Property comprises 20 claims located in Vauquelin Township, Quebec; and Sir Harry Oakes Gold Property, including 46 mining claims and 3 mining leases in the Matachewan Gold Area; and Pens Polymetallic Property.

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