Salazar Resources (CVE:SRL) Trading Down 4% – Here’s What Happened

Salazar Resources Limited (CVE:SRL) dropped 4% during trading on Monday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 94,210 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 151,439 shares. The stock had previously closed at C$0.25.

Salazar Resources Trading Down 4.0%

The firm has a 50-day moving average price of C$0.21 and a 200-day moving average price of C$0.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 7.36. The stock has a market cap of C$59.73 million, a PE ratio of -12.00 and a beta of 1.41.

Salazar Resources Company Profile

Salazar Resources Limited, a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Latin America. The company primarily explores for copper, zinc, lead, gold, and silver, as well as volcanogenic massive sulfide deposits. It holds a 100% interest in the Curipamba project that consists of seven concessions located in Ecuador. The company also holds interests in the Pijilí project that consists of five concessions covering an area of 3,254 hectares located in Azuay, Ecuador; the Macara project which includes Macara Mina concession covering an area of 288 hectares, and Bonanza mining concession which covers an area of 1,519 hectares; two concessions in the Rumiñahui project; a single concession covering 229 hectares in the Los Osos Project; and a single concession covering an area of 2,350 hectares in the Santiago Project.