Scandium Canada (CVE:SCD) Trading 50% Higher – Here’s What Happened

Scandium Canada Ltd. (CVE:SCD)’s stock price rose 50% during mid-day trading on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.27. Approximately 4,842,652 shares traded hands during trading, an increase of 138% from the average daily volume of 2,033,689 shares. The stock had previously closed at C$0.18.

Key Headlines Impacting Scandium Canada

Here are the key news stories impacting Scandium Canada this week:

• Neutral Sentiment: The stock traded sharply higher on much heavier-than-average volume, suggesting a market reaction to new information or speculative buying; technicals show the 50-day moving average (~C$0.12) is above the 200-day (~C$0.07), and the company has elevated volatility (beta ~4.33). MarketBeat SCD profile

Scandium Canada Price Performance

The company has a market cap of C$90.38 million, a price-to-earnings ratio of -54.00 and a beta of 4.33. The business’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.08.

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.