Sparton Resources Inc. (CVE:SRI – Get Free Report)’s share price dropped 20% during trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 122,000 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 117,417 shares. The stock had previously closed at C$0.03.
Sparton Resources Trading Up 25.0%
The firm 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. The firm has a market cap of C$4.25 million, a PE 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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