Salazar Resources (CVE:SRL) Shares Up 14.3% – Should You Buy?

Salazar Resources Limited (CVE:SRL) was up 14.3% during mid-day trading on Thursday . The company traded as high as C$0.45 and last traded at C$0.44. Approximately 309,700 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 118,286 shares. The stock had previously closed at C$0.39.

Salazar Resources Price Performance

The stock has a 50-day moving average of C$0.29 and a two-hundred day moving average of C$0.24. The firm has a market cap of C$116.64 million, a price-to-earnings ratio of -44.00 and a beta of -0.31. The company has a current ratio of 7.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52.

About Salazar Resources

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.