Sphinx Resources (CVE:SFX) Trading 20% Higher

Shares of Sphinx Resources Ltd (CVE:SFX) rose 20% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03, approximately 28,000 shares were traded during trading. A decline of 74% from the average daily volume of 107,364 shares. The stock had previously closed at C$0.03.

The company has a debt-to-equity ratio of 35.67, a current ratio of 2.43 and a quick ratio of 2.38. The stock’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04. The company has a market capitalization of $3.79 million and a P/E ratio of -4.17.

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.

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