Scorpio Gold Co. (OTCMKTS:SRCRF) Sees Significant Drop in Short Interest

Scorpio Gold Co. (OTCMKTS:SRCRF) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 144,780 shares, a decline of 18.7% from the November 30th total of 178,104 shares. Based on an average daily volume of 656,874 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 656,874 shares, the days-to-cover ratio is currently 0.2 days.

Scorpio Gold Price Performance

OTCMKTS:SRCRF opened at $0.25 on Wednesday. Scorpio Gold has a twelve month low of $0.05 and a twelve month high of $0.38. The company’s 50-day moving average price is $0.25 and its 200-day moving average price is $0.23.

Scorpio Gold Company Profile

Scorpio Gold (OTCMKTS:SRCRF) is a mineral exploration and development company focused on identifying, acquiring and advancing gold resource properties in the western United States. The company undertakes geological mapping, surface sampling and drilling programs to delineate mineralization and assess the economic potential of its projects. Scorpio Gold is dedicated to moving its assets from the exploration stage toward resource definition and development through detailed technical and environmental studies.

The company’s principal assets include the Golden Monarch project near Winnemucca, Nevada, and several targets within the Red Hills mining district of Elko County.