Sparton Resources (CVE:SRI) Sets New 12-Month Low – What’s Next?
by Jessica Moore · The Cerbat GemShares of Sparton Resources Inc. (CVE:SRI – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 20000 shares. The stock had previously closed at C$0.02.
Sparton Resources Price Performance
The firm has a market cap of C$3.63 million, a price-to-earnings ratio of -4.22 and a beta of 0.77. The firm’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.03. The company has a debt-to-equity ratio of 11.46, a current ratio of 0.62 and a quick ratio of 0.19.
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. The company also engages in the vanadium redox flow battery; Chebucto natural gas field located in the Sable Island area of offshore Nova Scotia; and provision of drilling services.