Scorpio Gold (CVE:SGN) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Scorpio Gold Co. (CVE:SGNGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.37 and traded as high as C$0.41. Scorpio Gold shares last traded at C$0.39, with a volume of 604,580 shares changing hands.

Scorpio Gold Price Performance

The firm has a market capitalization of C$102.93 million, a PE ratio of -2.96 and a beta of 2.65. The firm’s fifty day moving average price is C$0.37 and its 200 day moving average price is C$0.35. The company has a current ratio of 0.09, a quick ratio of 0.39 and a debt-to-equity ratio of 14.76.

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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