Sparton Resources (CVE:SRI) Hits New 1-Year Low – Should You Sell?
by Amy Steele · The Cerbat GemSparton Resources Inc. (CVE:SRI – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 2900 shares. The stock had previously closed at C$0.02.
Sparton Resources Price Performance
The company has a quick ratio of 0.19, a current ratio of 0.62 and a debt-to-equity ratio of 11.46. The firm has a market capitalization of C$3.63 million, a PE ratio of -4.22 and a beta of 0.84. The firm’s fifty day simple moving average is C$0.02 and its 200-day simple moving average is C$0.03.
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.