Salazar Resources (CVE:SRL) Stock Price Down 5.6% – Time to Sell?

by · The Cerbat Gem

Shares of Salazar Resources Limited (CVE:SRL – Get Free Report) were down 5.6% during trading on Friday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 124,500 shares changed hands during trading, a decline of 15% from the average daily volume of 146,351 shares. The stock had previously closed at C$0.18.

Salazar Resources Stock Down 5.6%

The company has a debt-to-equity ratio of 0.52, a current ratio of 7.36 and a quick ratio of 0.91. The firm has a 50-day moving average price of C$0.16 and a 200 day moving average price of C$0.15. The company has a market cap of C$42.31 million, a price-to-earnings ratio of -8.50 and a beta of 1.10.

About Salazar Resources

(Get Free Report)

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.

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