Sparta Capital (CVE:SAY) Stock Price Down 25% – What’s Next?

Sparta Capital Ltd. (CVE:SAY) dropped 25% during mid-day trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.02. Approximately 1,180,200 shares traded hands during trading, an increase of 704% from the average daily volume of 146,832 shares. The stock had previously closed at C$0.02.

Sparta Capital Price Performance

The stock’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02. The stock has a market capitalization of C$3.74 million, a PE ratio of -2.00 and a beta of 1.59.

About Sparta Capital

Sparta Capital Ltd. provides environment, energy, and innovation services in Canada. The company collects e-waste materials to recycle, as well upcycling waste into new material. It also provides a complimentary suite of technologies to analyze and assist clients in receiving value from wasted sources of energy within existing power systems, such as peak power mitigation systems through energy storage technology, power-factor and harmonic mitigation, LED lighting retrofits, photoluminescent safety products, and internet of things monitoring systems.