Scandium Canada (CVE:SCD) Sets New 52-Week High – Should You Buy?

Shares of Scandium Canada Ltd. (CVE:SCD) hit a new 52-week high during trading on Monday . The company traded as high as C$0.17 and last traded at C$0.17, with a volume of 2109412 shares changing hands. The stock had previously closed at C$0.17.

Scandium Canada Stock Performance

The stock has a market cap of C$56.91 million, a P/E ratio of -34.00 and a beta of 4.33. The business’s 50-day moving average price is C$0.12 and its 200-day moving average price is C$0.07.

Scandium Canada Company Profile

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.