Shares of Sparton Resources Inc. (CVE:SRI – Get Free Report) dropped 16.7% during trading on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 154,343 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 118,849 shares. The stock had previously closed at C$0.03.
Sparton Resources Stock Performance
The firm has a market cap of C$4.25 million, a price-to-earnings ratio of -4.22 and a beta of 0.77. The stock has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.02. The company has a quick ratio of 0.19, a current ratio of 0.40 and a debt-to-equity ratio of 25.38.
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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