Scorpio Gold Co. (OTCMKTS:SRCRF) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 17,800 shares, a drop of 51.2% from the December 15th total of 36,500 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is currently 1.1 days.

SRCRF traded up $0.00 on Wednesday, reaching $0.11. 2,525 shares of the company traded hands, compared to its average volume of 22,861. Scorpio Gold has a one year low of $0.03 and a one year high of $0.17. The firm has a fifty day simple moving average of $0.11 and a two-hundred day simple moving average of $0.12.

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 operates through two segments, Mineral Ridge and Goldwedge. The company primarily explores for gold and silver deposits. It holds 100% interests in the Mineral Ridge gold project covering an area of 5,617 hectares located in Esmeralda County, Nevada; and Goldwedge property covering an area of 726 hectares located in Manhattan, Nevada.

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