Salazar Resources (CVE:SRL) Stock Price Down 15.4% – Here’s Why
by Teresa Graham · The Cerbat GemShares of Salazar Resources Limited (CVE:SRL – Get Free Report) traded down 15.4% on Wednesday . The stock traded as low as C$0.16 and last traded at C$0.17. 721,375 shares traded hands during trading, an increase of 503% from the average session volume of 119,718 shares. The stock had previously closed at C$0.20.
Salazar Resources Stock Down 12.8%
The business has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.19. The stock has a market cap of C$44.97 million, a PE ratio of -8.50 and a beta of 0.73. The company has a current ratio of 7.36, a quick ratio of 0.91 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. The company also holds interests in the Pijilí project that consists of five concessions covering an area of 3,254 hectares located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project.