Scandium Canada (CVE:SCD) Trading Down 6.7% – Should You Sell?

Scandium Canada Ltd. (CVE:SCD) was down 6.7% during trading on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 1,116,985 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,888,525 shares. The stock had previously closed at C$0.30.

Scandium Canada Trading Down 6.7%

The company has a market capitalization of C$93.73 million, a price-to-earnings ratio of -56.00 and a beta of 4.33. The stock’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.08.

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.