Sparton Resources Inc. (CVE:SRI – Get Free Report) dropped 16.7% on Saturday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 154,343 shares changed hands during 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 Trading Down 16.7%
The business has a 50 day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The company has a current ratio of 0.40, a quick ratio of 0.19 and a debt-to-equity ratio of 25.38. The stock has a market cap of C$4.25 million, a price-to-earnings ratio of -4.22 and a beta of 0.77.
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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