Salazar Resources (CVE:SRL) Stock Price Up 4.2% – Here’s Why

Salazar Resources Limited (CVE:SRL) shares shot up 4.2% on Monday . The company traded as high as C$0.25 and last traded at C$0.25. 85,020 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 110,684 shares. The stock had previously closed at C$0.24.

Salazar Resources Stock 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 capitalization of C$79.36 million, a price-to-earnings ratio of -15.00 and a beta of -0.05. The firm’s fifty day moving average is C$0.23 and its 200 day moving average is C$0.22.

About Salazar Resources

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. The company also holds interests in the Pijilí project that consists of five concessions covering an area of 3,254 hectares located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project.