Scandium Canada (CVE:SCD) Shares Up 50% – Here’s Why

Scandium Canada Ltd. (CVE:SCD) shares shot up 50% during mid-day trading on Wednesday . The company traded as high as C$0.28 and last traded at C$0.27. 4,842,652 shares were traded during trading, an increase of 143% from the average session volume of 1,991,401 shares. The stock had previously closed at C$0.18.

Scandium Canada Stock Up 50.0%

The firm has a market cap of C$90.38 million, a PE ratio of -54.00 and a beta of 4.33. The business has a 50 day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.07.

About Scandium Canada

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.