Scorpio Gold (CVE:SGN) Trading 16.7% Higher – Here’s Why

Scorpio Gold Co. (CVE:SGNGet Free Report) rose 16.7% on Monday . The company traded as high as C$0.35 and last traded at C$0.35. Approximately 393,307 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 464,797 shares. The stock had previously closed at C$0.30.

Scorpio Gold Stock Performance

The firm has a market cap of C$109.07 million, a PE ratio of 18.00 and a beta of 3.67. The company has a quick ratio of 0.39, a current ratio of 4.63 and a debt-to-equity ratio of 2.32. The company has a 50-day simple moving average of C$0.28 and a two-hundred day simple moving average of C$0.36.

Scorpio Gold Company Profile

(Get Free Report)

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% interests in the Mineral Ridge gold project covering an area of 5,617 hectares located in Esmeralda County, Nevada; and Goldwedge property that covers an area of 726 hectares located in Manhattan, Nevada. The company is based in Vancouver, Canada.

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