Sparton Resources (CVE:SRI) Sets New 12-Month High – Here’s What Happened

Sparton Resources Inc. (CVE:SRI) reached a new 52-week high on Friday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 35802 shares traded. The stock had previously closed at C$0.03.

Sparton Resources Stock Performance

The company has a market cap of C$6.15 million, a PE ratio of -4.22 and a beta of 0.91. The stock’s 50 day simple moving average is C$0.03 and its two-hundred day simple moving average is C$0.03. The company has a quick ratio of 0.19, a current ratio of 0.40 and a debt-to-equity ratio of 25.38.

About Sparton Resources

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.