Sphinx Resources (SFX) Shares Down 12.5%

Sphinx Resources Ltd (CVE:SFX) traded down 12.5% during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 220,125 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 134,374 shares. The stock had previously closed at C$0.04.

The company has a quick ratio of 1.80, a current ratio of 1.83 and a debt-to-equity ratio of 35.67. The stock has a market capitalization of $4.78 million and a P/E ratio of -5.00.

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Sphinx Resources Company Profile (CVE:SFX)

Sphinx Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for nickel, copper, gold, platinum, and palladium deposits. The company holds 100% interests in the Calumet-Sud project with 21 claims covering 12 km2 located in the Pontiac regional county municipality of southwestern Quebec; and the Green Palladium project with 74 claims covering 41 km2.

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