Sphinx Resources (CVE:SFX) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Sphinx Resources Ltd. (CVE:SFXGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.01 and traded as low as C$0.01. Sphinx Resources shares last traded at C$0.01, with a volume of 112,277 shares.

Sphinx Resources Stock Performance

The company has a fifty day moving average of C$0.01 and a two-hundred day moving average of C$0.01. The company has a debt-to-equity ratio of 325.75, a quick ratio of 0.43 and a current ratio of 0.55. The company has a market cap of C$1.66 million and a price-to-earnings ratio of -3.33.

About Sphinx Resources

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Sphinx Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for zinc, copper, nickel, lead, palladium, platinum, gold, and silver deposits. The company holds interests in various properties located in the Pontiac regional county municipality of southwestern Québec; and in southern Abitibi Temiscaming region and southeast of the municipality of Saint-Édouard-de-Fabre. The company was formerly known as Donner Metals Ltd. and changed its name to Sphinx Resources Ltd.

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