Silver Range Resources (CVE:SNG) Stock Price Down 12% – Should You Sell?

Silver Range Resources Ltd. (CVE:SNG) shares were down 12% during trading on Monday . The stock traded as low as C$0.11 and last traded at C$0.11. Approximately 132,000 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 79,700 shares. The stock had previously closed at C$0.12.

Silver Range Resources Stock Performance

The company has a market cap of C$11.39 million, a P/E ratio of -11.50 and a beta of 0.59. The business has a 50 day moving average price of C$0.15 and a two-hundred day moving average price of C$0.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 7.93 and a current ratio of 0.94.

About Silver Range Resources

Silver Range Resources Ltd., a junior resource exploration company, engages in the acquisition, exploration, and evaluation of precious metal resources in Canada. The company explores for gold, silver, zinc, lead, and copper deposits. Its property portfolio comprises mineral properties located in Nevada, the Northwest Territories, Nunavut, and the Yukon Territory. Silver Range Resources Ltd. was incorporated in 2010 and is headquartered in Vancouver, Canada.