Salazar Resources (CVE:SRL) Stock Price Down 13.9% – Time to Sell?

Salazar Resources Limited (CVE:SRL)’s share price fell 13.9% during trading on Thursday . The stock traded as low as C$0.34 and last traded at C$0.34. 198,079 shares were traded during mid-day trading, an increase of 69% from the average session volume of 117,334 shares. The stock had previously closed at C$0.40.

Salazar Resources Price Performance

The firm has a market cap of C$90.13 million, a P/E ratio of -34.00 and a beta of -0.31. The company has a fifty day moving average of C$0.28 and a 200-day moving average of C$0.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.36 and a quick ratio of 0.91.

Salazar Resources Company Profile

Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. It holds a 100% interest in the Curipamba project that consists of seven concessions located in Ecuador. The company also holds interests in the Pijilí project that consists of five concessions covering an area of 3,254 hectares located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project.