Date: Nov 23, 2018
Sparton Resources Inc. (CVE:SRI) dropped 20% during mid-day trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 394,350 shares were traded during trading, an increase of 90% from the average daily volume of 208,044 shares. The stock had previously closed at C$0.08.
The company has a debt-to-equity ratio of 25.73, a quick ratio of 0.07 and a current ratio of 0.11.
In other news, insider Yongbiao Ding sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of C$0.10, for a total transaction of C$50,000.00. Over the last three months, insiders have sold 630,000 shares of company stock valued at $63,700.
