Sparton Resources (CVE:SRI) Hits New 52-Week High – Still a Buy?

Shares of Sparton Resources Inc. (CVE:SRI) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 35802 shares trading hands. The stock had previously closed at C$0.03.

Sparton Resources Stock Up 16.7%

The stock has a market capitalization of C$6.15 million, a price-to-earnings ratio of -4.22 and a beta of 0.91. The firm has a 50-day moving average of C$0.03 and a 200 day moving average of C$0.03. The company has a current ratio of 0.40, a quick ratio of 0.19 and a debt-to-equity ratio of 25.38.

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. 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.