Sparton Resources (CVE:SRI) Sets New 1-Year High – What’s Next?

Sparton Resources Inc. (CVE:SRIGet Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 35000 shares. The stock had previously closed at C$0.03.

Sparton Resources Price Performance

The company has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.03. The firm has a market cap of C$6.15 million, a P/E ratio of -4.22 and a beta of 0.91. The company has a debt-to-equity ratio of 25.38, a current ratio of 0.40 and a quick ratio of 0.19.

Sparton Resources Company Profile

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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.

Further Reading

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