International Frontier Resources (CVE:IFR) Sets New 52-Week Low – Here’s Why

International Frontier Resources Co. (CVE:IFRGet Free Report)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 4334 shares traded. The stock had previously closed at C$0.03.

International Frontier Resources Stock Performance

The firm’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.04. The firm has a market capitalization of C$1.14 million, a price-to-earnings ratio of -0.75 and a beta of -0.54. The company has a debt-to-equity ratio of 8.43, a quick ratio of 0.22 and a current ratio of 0.36.

About International Frontier Resources

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International Frontier Resources Corporation acquires, develops, exploits, and produces oil and natural gas in Mexico, Canada, and the United States. The company has oil and natural gas interests in the Central Mackenzie Valley, Northwest Territories, Canada; and owns mineral titles covering an area of approximate 15,200 acres located in Northwest Montana. It has a license contract for the extraction of hydrocarbons in the Tecolutla Block located in Veracruz, Mexico; and holds an interest in significant discovery licenses situated in Northwest Territories.

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