Canaccord Genuity Group Upgrades Sutter Gold Mining (CVE:SGM) to “Strong-Buy”

Sutter Gold Mining (CVE:SGM) was upgraded by equities researchers at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Sutter Gold Mining Trading Up ∞

Shares of SGM stock opened at C$0.01 on Friday. The firm’s 50 day moving average is C$0.01 and its 200 day moving average is C$0.01. The stock has a market capitalization of C$1.25 million and a P/E ratio of -0.22. Sutter Gold Mining has a 12 month low of C$0.01 and a 12 month high of C$0.03.

Sutter Gold Mining Company Profile

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.