Sparton Resources (CVE:SRI) Reaches New 52-Week Low – Here’s Why

Sparton Resources Inc. (CVE:SRI)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 85000 shares traded. The stock had previously closed at C$0.02.

Sparton Resources Price Performance

The company has a quick ratio of 0.19, a current ratio of 0.62 and a debt-to-equity ratio of 25.95. The business has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The stock has a market capitalization of C$3.63 million, a P/E ratio of -4.22 and a beta of 0.79.

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.