Scandium Canada (CVE:SCD) Trading 50% Higher – Should You Buy?

Shares of Scandium Canada Ltd. (CVE:SCD) rose 50% during mid-day trading on Wednesday . The company traded as high as C$0.28 and last traded at C$0.27. Approximately 4,842,652 shares traded hands during mid-day trading, an increase of 143% from the average daily volume of 1,991,401 shares. The stock had previously closed at C$0.18.

Scandium Canada Stock Performance

The firm has a 50 day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.07. The stock has a market cap of C$90.38 million, a P/E ratio of -54.00 and a beta of 4.33.

Scandium Canada Company Profile

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.