Sparton Resources (CVE:SRI) Stock Price Down 20% – Time to Sell?

Sparton Resources Inc. (CVE:SRI)’s share price traded down 20% during trading on Thursday . The company traded as low as C$0.02 and last traded at C$0.02. 503,215 shares changed hands during mid-day trading, an increase of 348% from the average daily volume of 112,213 shares. The stock had previously closed at C$0.03.

Sparton Resources Trading Down 20.0%

The stock has a market cap of C$3.63 million, a P/E ratio of -4.22 and a beta of 0.85. The firm’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The company has a quick ratio of 0.19, a current ratio of 0.62 and a debt-to-equity ratio of 25.95.

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. The company also engages in the vanadium redox flow battery; Chebucto natural gas field located in the Sable Island area of offshore Nova Scotia; and provision of drilling services.