SRG Mining (CVE:SRG) Shares Up 10.2% – Here’s What Happened

SRG Mining Inc. (CVE:SRG)’s share price shot up 10.2% during mid-day trading on Monday . The company traded as high as C$0.54 and last traded at C$0.54. 37,656 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Stock Performance

The firm’s 50 day moving average is C$0.54 and its 200 day moving average is C$0.54. The company has a debt-to-equity ratio of 1.37, a quick ratio of 25.67 and a current ratio of 8.89. The stock has a market cap of C$63.39 million, a P/E ratio of -12.07 and a beta of 1.12.

About SRG Mining

SRG Mining Inc, a Canadian-based mining company, engages in the exploration and development of mineral properties in Africa. The company primarily explores for graphite deposits. It holds interests in the Lola graphite project located in the Republic of Guinea, West Africa. The company was formerly known as SRG Graphite Inc and changed its name to SRG Mining Inc in July 2019.