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Industry: Other Industrial Metals & Mining
Sector: Basic Materials
Primary metal: None
Sorrento Resources Ltd. operates as a resource exploration and development company, focusing on discovering and advancing mineral properties worldwide. Its core function is to explore and develop mining sites with the intention of uncovering resources such as gold, copper, or other valuable minerals that can be extracted and sold in the marketplace. This company's operations are pivotal in the mining and extractive industries, sectors that are crucial for supplying raw materials that fuel global manufacturing, technology advancements, and construction. Sorrento Resources Ltd. plays a significant role in the commodities market by potentially increasing the supply of minerals, thereby impacting prices and availability. Exploratory companies like Sorrento serve as the starting point in the long supply chain of the extractive sector, facing the initial risks and challenges associated with exploration and development. Their activities not only contribute to the economic landscape by potentially creating jobs and generating revenue from successful sites but also influence related industries such as equipment manufacturing and service providers. The company's work strengthens the supply foundation of various mineral-dependent industries, ensuring continuity and stability in supply chains.
Mr. Alex Bugden P.Geo.
203B Street
Langley, BC V1M 2L9
Canada
604 290 6152
https://sorrentoresources.ca1 Week: 3.70%
1 Month: 7.69%
3 Months: 40.00%
This Year: 21.74%
1 Year: -41.67%
3 Years: 0.00%
5 Years: 0.00%
Symbol: SRSExchange: CSECurrency: CAD
52-week low: 0.07
52-week high: 0.28
50-day ma: 0.12
200-day ma: 0.14
Shares Short: 66
Short ratio: 0.02
Avg volume: 5,300
Beta: -1.81
3.58 M
19.41 M
(2024-12-31)
0.04 M
(2024-12-31)
0.18 M
-0.38 M
-0.23 M
N/A
N/A
0.00%
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0.00%
No projects found for this company.