Silver Range Resources (CVE:SNG) Shares Down 18.2% – Here’s What Happened

Silver Range Resources Ltd. (CVE:SNG)’s share price dropped 18.2% during mid-day trading on Thursday . The stock traded as low as C$0.14 and last traded at C$0.14. Approximately 151,500 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 84,788 shares. The stock had previously closed at C$0.17.

Silver Range Resources Trading Down 18.2%

The company has a market cap of C$13.28 million, a PE ratio of -4.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 7.93 and a current ratio of 0.94. The company has a 50 day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.14.

Silver Range Resources Company Profile

Silver Range Resources Ltd., a junior resource exploration company, engages in the acquisition, exploration, and evaluation of precious metal resources in Canada. The company explores for gold, silver, zinc, lead, and copper deposits. Its property portfolio comprises mineral properties located in Nevada, the Northwest Territories, Nunavut, and the Yukon Territory. Silver Range Resources Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada.