Scorpio Gold (CVE:SGN) Stock Price Up 8% – What’s Next?

by · The Cerbat Gem

Scorpio Gold Co. (CVE:SGN – Get Free Report)’s share price traded up 8% during mid-day trading on Thursday . The company traded as high as C$0.29 and last traded at C$0.27. Approximately 910,140 shares changed hands during trading, an increase of 94% from the average session volume of 468,334 shares. The stock had previously closed at C$0.25.

Scorpio Gold Price Performance

The stock’s 50-day moving average price is C$0.33 and its 200 day moving average price 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. The firm has a market capitalization of C$80.29 million, a price-to-earnings ratio of 13.25 and a beta of 3.67.

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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