Sparton Resources (CVE:SRI) Hits New 12-Month Low – What’s Next?

Sparton Resources Inc. (CVE:SRIGet Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 11000 shares trading hands. The stock had previously closed at C$0.03.

Sparton Resources Trading Down 20.0 %

The company has a debt-to-equity ratio of 25.38, a current ratio of 0.40 and a quick ratio of 0.19. The firm has a fifty day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.03. The firm has a market capitalization of C$3.40 million, a P/E ratio of -4.22 and a beta of 1.11.

Sparton Resources Company Profile

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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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