International Frontier Resources (CVE:IFR) Reaches New 1-Year Low – What’s Next?

International Frontier Resources Co. (CVE:IFR) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 8015 shares traded. The stock had previously closed at C$0.04.

International Frontier Resources Stock Down 14.3%

The company’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 8.43. The firm has a market cap of C$1.14 million, a P/E ratio of -0.75 and a beta of -0.54.

International Frontier Resources Company Profile

International Frontier Resources Corporation acquires, develops, exploits, and produces oil and natural gas in Mexico, Canada, and the United States. The company has oil and natural gas interests in the Central Mackenzie Valley, Northwest Territories, Canada; and owns mineral titles covering an area of approximate 15,200 acres located in Northwest Montana. It has a license contract for the extraction of hydrocarbons in the Tecolutla Block located in Veracruz, Mexico; and holds an interest in significant discovery licenses situated in Northwest Territories.