Date: Dec 5, 2018
Sparton Resources Inc. (CVE:SRI)’s share price dropped 12.5% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 254,100 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 208,336 shares. The stock had previously closed at C$0.08.
The company has a quick ratio of 0.07, a current ratio of 0.11 and a debt-to-equity ratio of 25.73.
In related news, insider Yongbiao Ding sold 500,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of C$0.10, for a total value of C$50,000.00. In the last quarter, insiders sold 630,000 shares of company stock worth $63,700.
