Scandium Canada (CVE:SCD) Shares Up 50% – Should You Buy?

Scandium Canada Ltd. (CVE:SCD) shares traded 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 changed hands during mid-day trading, an increase of 138% from the average session volume of 2,033,689 shares. The stock had previously closed at C$0.18.

Scandium Canada Price Performance

The company has a market capitalization of C$90.38 million, a PE ratio of -54.00 and a beta of 4.33. The company’s 50 day simple moving average is C$0.12 and its 200 day simple moving average is C$0.07.

Scandium Canada Company Profile

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.