Sparton Resources (CVE:SRI) Stock Price Down 16.7% – What’s Next?

Shares of Sparton Resources Inc. (CVE:SRIGet Free Report) were down 16.7% on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 333,000 shares were traded during trading, an increase of 184% from the average daily volume of 117,126 shares. The stock had previously closed at C$0.03.

Sparton Resources Trading Down 16.7%

The business’s fifty day moving average is C$0.03 and its 200-day moving average is C$0.03. The stock has a market capitalization of C$4.39 million, a PE ratio of -4.22 and a beta of 0.70. The company has a quick ratio of 0.19, a current ratio of 0.40 and a debt-to-equity ratio of 25.38.

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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