SRG Mining (CVE:SRG) Trading 10.2% Higher – Should You Buy?

SRG Mining Inc. (CVE:SRG) shares rose 10.2% during mid-day trading on Tuesday . The stock traded as high as C$0.54 and last traded at C$0.54. Approximately 37,656 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Trading Up 10.2%

The stock’s 50 day moving average is C$0.54 and its 200-day moving average is C$0.54. The company has a market cap of C$63.39 million, a P/E ratio of -12.07 and a beta of 1.12. The company has a current ratio of 14.17, a quick ratio of 25.67 and a debt-to-equity ratio of 1.35.

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. SRG Mining Inc was incorporated in 1996 and is headquartered in Montreal, Canada.