Shares of Sparton Resources Inc. (CVE:SRI) were down 16.7% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 366,140 shares changed hands during trading, an increase of 79% from the average daily volume of 204,117 shares. The stock had previously closed at C$0.06.
The company has a current ratio of 0.07, a quick ratio of 0.05 and a debt-to-equity ratio of 28.56.
In other news, insider Yongbiao Ding sold 500,000 shares of Sparton Resources stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of C$0.10, for a total transaction of C$50,000.00. Insiders have sold a total of 630,000 shares of company stock worth $63,700 in the last three months.
WARNING: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/12/08/sparton-resources-sri-stock-price-down-16-7.html.
About Sparton Resources (CVE:SRI)
Sparton Resources Inc, an exploration and development stage company, focuses on the exploration and evaluation of properties in Canada and China. The company's primary projects are the Chebucto natural gas field located in the Sable Island area of offshore Nova Scotia; and the VanSpar vanadium and battery commissioning projects in China.
Featured Story: How Investors Use a Balance Sheet
Receive News & Ratings for Sparton Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sparton Resources and related companies with MarketBeat.com's FREE daily email newsletter.