San Marco Resources (SMN) Trading Down 18.2%

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San Marco Resources Inc. (CVE:SMN) fell 18.2% during trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 77,000 shares were traded during mid-day trading, an increase of 18% from the average session volume of 65,317 shares. The stock had previously closed at C$0.06.

The firm has a market capitalization of $3.40 million and a P/E ratio of -2.08.

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San Marco Resources Company Profile (CVE:SMN)

San Marco Resources Inc engages in the acquisition, exploration, and development of precious metal properties in Mexico and Canada. The company primarily explores for gold, silver, copper, and molybdenum deposits. Its principal properties include the Chunibas project covering an area of 530 hectares and Mariana project consisting of 72,820 hectares located in the Sierra Madre Occidental area of Northern Mexico; and the 1068 project covering an area of 1,800 hectares located in Hermosillo, Sonora State in Mexico.

Further Reading: Understanding each part of a balance sheet

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