Sparton Resources (CVE:SRI) Sets New 12-Month Low – Should You Sell?

Sparton Resources Inc. (CVE:SRIGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 46500 shares traded. The stock had previously closed at C$0.03.

Sparton Resources Price Performance

The stock has a market cap of C$3.63 million, a P/E ratio of -4.22 and a beta of 0.79. The company has a 50 day simple moving average of C$0.02 and a 200 day simple moving average of C$0.03. The company has a current ratio of 0.62, a quick ratio of 0.19 and a debt-to-equity ratio of 11.46.

About Sparton Resources

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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.

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