Scorpio Gold Co. (OTCMKTS:SRCRF) Sees Large Growth in Short Interest

Scorpio Gold Co. (OTCMKTS:SRCRF) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 101,898 shares, a growth of 588.2% from the June 15th total of 14,806 shares. Based on an average trading volume of 463,606 shares, the days-to-cover ratio is presently 0.2 days.

Scorpio Gold Price Performance

OTCMKTS SRCRF traded up $0.00 on Friday, reaching $0.19. 39,686 shares of the stock were exchanged, compared to its average volume of 332,968. Scorpio Gold has a one year low of $0.13 and a one year high of $0.47. The company’s 50-day simple moving average is $0.24 and its two-hundred day simple moving average is $0.27.

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.