Scorpio Gold (CVE:SGN) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Scorpio Gold Co. (CVE:SGNGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.11 and traded as low as C$0.10. Scorpio Gold shares last traded at C$0.11, with a volume of 412,835 shares changing hands.

Scorpio Gold Trading Up 5.0 %

The company has a debt-to-equity ratio of 53.01, a quick ratio of 0.39 and a current ratio of 0.21. The stock’s 50-day simple moving average is C$0.11 and its 200-day simple moving average is C$0.13. The firm has a market capitalization of C$11.49 million, a PE ratio of -1.31 and a beta of 1.22.

About Scorpio Gold

(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.

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