Shares of Sparton Resources Inc. (CVE:SRI – Get Free Report) fell 20% on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. 122,000 shares were traded during trading, an increase of 4% from the average session volume of 117,417 shares. The stock had previously closed at C$0.03.
Sparton Resources Trading Down 20.0%
The company has a debt-to-equity ratio of 25.38, a current ratio of 0.40 and a quick ratio of 0.19. The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The stock has a market capitalization of C$3.40 million, a price-to-earnings ratio of -4.22 and a beta of 0.77.
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.
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