Date: Nov 19, 2018
Sparton Resources Inc. (CVE:SRI)’s share price dropped 12.5% during trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 254,100 shares were traded during 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 current ratio of 0.11, a quick ratio of 0.07 and a debt-to-equity ratio of 25.73.
In related news, insider Yongbiao Ding sold 500,000 shares of the company’s 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. In the last 90 days, insiders have sold 630,000 shares of company stock valued at $63,700.
