Scorpio Gold Co. (OTCMKTS:SRCRF) Short Interest Up 76.9% in May

Scorpio Gold Co. (OTCMKTS:SRCRF) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 78,381 shares, an increase of 76.9% from the April 30th total of 44,310 shares. Based on an average trading volume of 718,506 shares, the short-interest ratio is presently 0.1 days.

Scorpio Gold Stock Down 2.5%

Shares of OTCMKTS SRCRF opened at $0.24 on Wednesday. The firm’s 50-day moving average is $0.27 and its two-hundred day moving average is $0.28. Scorpio Gold has a 12-month low of $0.12 and a 12-month high of $0.47.

About Scorpio Gold

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.