Sparton Resources (CVE:SRI) Reaches New 12-Month High – Here’s Why

Sparton Resources Inc. (CVE:SRIGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 43333 shares trading hands. The stock had previously closed at C$0.03.

Sparton Resources Trading Up 16.7%

The firm has a market capitalization of C$5.95 million, a price-to-earnings ratio of -4.22 and a beta of 0.70. The company has a debt-to-equity ratio of 25.38, a current ratio of 0.40 and a quick ratio of 0.19. The firm’s 50-day simple moving average is C$0.03 and its 200 day simple moving average is C$0.02.

Sparton Resources Company Profile

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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.

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