Scorpio Gold (CVE:SGN) Shares Down 2.9% – Should You Sell?

Scorpio Gold Co. (CVE:SGN) shares dropped 2.9% during mid-day trading on Tuesday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 383,304 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 616,089 shares. The stock had previously closed at C$0.35.

Scorpio Gold Stock Performance

The company has a quick ratio of 0.39, a current ratio of 7.12 and a debt-to-equity ratio of 2.83. The firm has a market cap of C$90.90 million, a price-to-earnings ratio of -2.62 and a beta of 3.24. The company has a 50-day moving average price of C$0.42 and a 200 day moving average price of C$0.38.

Scorpio Gold Company Profile

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.