Sparton Resources (CVE:SRI) Trading Down 12.5% – Should You Sell?

Sparton Resources Inc. (CVE:SRI) shares fell 12.5% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 446,000 shares were traded during mid-day trading, an increase of 216% from the average session volume of 141,210 shares. The stock had previously closed at C$0.04.

Sparton Resources Price Performance

The company has a quick ratio of 0.19, a current ratio of 0.74 and a debt-to-equity ratio of 15.97. The stock has a market cap of C$7.64 million, a P/E ratio of -15.00 and a beta of 1.14. The firm has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

About Sparton Resources

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.