Sphinx Resources (SFX) Trading Up 10%

Sphinx Resources Ltd (CVE:SFX) was up 10% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 149,000 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 111,319 shares. The stock had previously closed at C$0.05.

The company has a debt-to-equity ratio of 35.67, a current ratio of 1.99 and a quick ratio of 1.90.

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About Sphinx Resources (CVE:SFX)

Sphinx Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for nickel, copper, gold, platinum, and palladium deposits. The company holds 100% interests in the Calumet-Sud project with 21 claims covering 12 km2 located in the Pontiac regional county municipality of southwestern Quebec; and the Green Palladium project with 74 claims covering 41 km2.

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