Salazar Resources (CVE:SRL) Trading Down 13.4% – Time to Sell?

Shares of Salazar Resources Limited (CVE:SRL) were down 13.4% during mid-day trading on Monday . The company traded as low as C$0.35 and last traded at C$0.35. 297,620 shares traded hands during mid-day trading, an increase of 148% from the average daily volume of 120,121 shares. The stock had previously closed at C$0.41.

Salazar Resources Trading Down 9.8%

The stock has a market capitalization of C$98.08 million, a price-to-earnings ratio of -37.00 and a beta of -0.19. The company has a current ratio of 7.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of C$0.33 and a 200 day moving average of C$0.26.

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.