Salazar Resources (CVE:SRL) Shares Down 11.5% – Should You Sell?

Shares of Salazar Resources Limited (CVE:SRL) were down 11.5% during mid-day trading on Friday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 109,001 shares were traded during trading, a decline of 5% from the average daily volume of 114,811 shares. The stock had previously closed at C$0.26.

Salazar Resources Stock Performance

The firm has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.20. The stock has a market capitalization of C$60.84 million, a price-to-earnings ratio of -11.50 and a beta of 0.72. The company has a quick ratio of 0.91, a current ratio of 7.36 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.