Sparton Resources (CVE:SRI) Trading Down 20% – Should You Sell?

Sparton Resources Inc. (CVE:SRI) shares were down 20% during trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. Approximately 122,000 shares were traded during 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 market cap of C$4.25 million, a price-to-earnings ratio of -4.22 and a beta of 0.77. 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 business has a 50 day moving average of C$0.02 and a 200 day moving average of C$0.02.

Sparton Resources Company Profile

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.