Salazar Resources (CVE:SRL) Hits New 52-Week High – Here’s Why

Shares of Salazar Resources Limited (CVE:SRL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.18 and last traded at C$0.18, with a volume of 103388 shares. The stock had previously closed at C$0.18.

Salazar Resources Price Performance

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 market cap of C$44.79 million, a price-to-earnings ratio of -9.00 and a beta of 1.10. The stock has a 50-day moving average price of C$0.16 and a 200 day moving average price of C$0.15.

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.