Salazar Resources (CVE:SRL) Stock Price Up 11.1% – Here’s What Happened

Salazar Resources Limited (CVE:SRL) shares shot up 11.1% on Monday . The stock traded as high as C$0.26 and last traded at C$0.25. 61,849 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 112,843 shares. The stock had previously closed at C$0.23.

Salazar Resources Stock Up 2.0%

The firm has a market cap of C$66.13 million, a P/E ratio of -12.50 and a beta of -0.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 7.36. The firm’s fifty day moving average is C$0.24 and its 200 day moving average is C$0.22.

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.