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

Sparton Resources Inc. (CVE:SRI) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.01 and last traded at C$0.02, with a volume of 31000 shares traded. The stock had previously closed at C$0.02.

Sparton Resources Price Performance

The company has a quick ratio of 0.19, a current ratio of 0.62 and a debt-to-equity ratio of 25.95. The stock’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The stock has a market cap of C$2.73 million, a price-to-earnings ratio of -4.22 and a beta of 0.85.

Sparton Resources Company Profile

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.