Sparton Resources Inc. (CVE:SRI – Get Free Report)’s share price traded down 20% on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 503,215 shares traded hands during trading, an increase of 348% from the average daily volume of 112,213 shares. The stock had previously closed at C$0.03.
Sparton Resources Price Performance
The business’s 50 day simple moving average is C$0.02 and its 200-day simple moving average is C$0.02. The company has a debt-to-equity ratio of 25.95, a quick ratio of 0.19 and a current ratio of 0.62. The stock has a market capitalization of C$3.63 million, a price-to-earnings ratio of -4.22 and a beta of 0.85.
About Sparton Resources
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. The company also engages in the vanadium redox flow battery; Chebucto natural gas field located in the Sable Island area of offshore Nova Scotia; and provision of drilling services.
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