Shares of Salazar Resources Limited (CVE:SRL – Get Free Report) dropped 10% on Monday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 107,300 shares changed hands during trading, a decline of 51% from the average daily volume of 219,445 shares. The stock had previously closed at C$0.10.
Salazar Resources Stock Performance
The firm has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The company has a current ratio of 2.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. The stock has a market cap of C$19.33 million, a price-to-earnings ratio of -3.33 and a beta of 0.86.
About Salazar Resources
Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. It holds a 100% interest in the Curipamba project that consists of seven concessions located in Ecuador.
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