Salazar Resources (CVE:SRL) Hits New 12-Month High – Time to Buy?

Salazar Resources Limited (CVE:SRL) reached a new 52-week high on Tuesday . The company traded as high as C$0.40 and last traded at C$0.40, with a volume of 267958 shares. The stock had previously closed at C$0.38.

Salazar Resources Stock Up 8.0%

The company has a market capitalization of C$107.13 million, a price-to-earnings ratio of -40.50 and a beta of -0.31. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.36 and a quick ratio of 0.91. The firm’s fifty day moving average price is C$0.26 and its 200-day moving average price is C$0.23.

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.