Sphinx Resources (CVE:SFX) Stock Price Up 50%

Sphinx Resources Ltd (CVE:SFX)’s stock price shot up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.02 and last traded at C$0.02, 4,835,500 shares traded hands during mid-day trading. An increase of 1,147% from the average session volume of 387,819 shares. The stock had previously closed at C$0.01.

The firm has a market capitalization of $1.29 million and a price-to-earnings ratio of -1.00. The company’s 50 day moving average is C$0.01 and its 200-day moving average is C$0.02. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 35.67.

About Sphinx Resources (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.

Read More: What is a stock split?

Receive News & Ratings for Sphinx Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sphinx Resources and related companies with MarketBeat.com's FREE daily email newsletter.