Salazar Resources (CVE:SRL) Stock Price Down 11.8% – Here’s Why

by · The Cerbat Gem

Shares of Salazar Resources Limited (CVE:SRL – Get Free Report) traded down 11.8% during trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. 195,951 shares changed hands during trading, an increase of 34% from the average session volume of 145,691 shares. The stock had previously closed at C$0.17.

Salazar Resources Price Performance

The firm’s fifty day moving average is C$0.16 and its 200 day moving average is C$0.15. The company has a market capitalization of C$43.55 million, a P/E ratio of -8.75 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 7.36.

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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