Scorpio Gold (CVE:SGN) Shares Pass Below 50 Day Moving Average – Time to Sell?

by · The Markets Daily

Scorpio Gold Co. (CVE:SGN – Get Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.30 and traded as low as C$0.25. Scorpio Gold shares last traded at C$0.25, with a volume of 194,200 shares.

Scorpio Gold Price Performance

The stock has a market capitalization of C$74.23 million, a P/E ratio of 12.25 and a beta of 3.67. The business’s 50 day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.37. The company has a quick ratio of 0.39, a current ratio of 4.63 and a debt-to-equity ratio of 2.32.

Scorpio Gold Company Profile

(Get Free Report)

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% interests in the Mineral Ridge gold project covering an area of 5,617 hectares located in Esmeralda County, Nevada; and Goldwedge property that covers an area of 726 hectares located in Manhattan, Nevada. The company is based in Vancouver, Canada.

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