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

Scorpio Gold Co. (CVE:SGNGet Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.36 and traded as high as C$0.37. Scorpio Gold shares last traded at C$0.37, with a volume of 687,454 shares.

Scorpio Gold Price Performance

The company has a market cap of C$97.58 million, a price-to-earnings ratio of -2.81 and a beta of 2.51. The company has a debt-to-equity ratio of 14.76, a quick ratio of 0.39 and a current ratio of 0.09. The company’s 50 day moving average price is C$0.36 and its 200 day moving average price is C$0.33.

About Scorpio Gold

(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.

Read More

Receive News & Ratings for Scorpio Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scorpio Gold and related companies with MarketBeat.com's FREE daily email newsletter.