Scorpio Gold (CVE:SGN) Hits New 1-Year High – Here’s Why
by Michael Walen · The Markets DailyScorpio Gold Co. (CVE:SGN – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$0.52 and last traded at C$0.50, with a volume of 807495 shares changing hands. The stock had previously closed at C$0.46.
Scorpio Gold Stock Performance
The stock has a market cap of C$122.98 million, a price-to-earnings ratio of -3.54 and a beta of 2.51. The company’s fifty day simple moving average is C$0.36 and its two-hundred day simple moving average is C$0.34. The company has a debt-to-equity ratio of 14.76, a current ratio of 0.09 and a quick ratio of 0.39.
About Scorpio Gold
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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