Salazar Resources (CVE:SRL) Trading Down 10.8% – Should You Sell?

Salazar Resources Limited (CVE:SRL) shares were down 10.8% during mid-day trading on Thursday . The stock traded as low as C$0.17 and last traded at C$0.17. Approximately 173,000 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 115,724 shares. The stock had previously closed at C$0.19.

Salazar Resources Price Performance

The stock has a market capitalization of C$47.61 million, a PE ratio of -9.00 and a beta of 0.63. The firm’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.36 and a quick ratio of 0.91.

About Salazar Resources

Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. It holds a 100% interest in the Curipamba project that consists of seven concessions located in Ecuador. The company also holds interests in the Pijilí project that consists of five concessions covering an area of 3,254 hectares located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project.