Scorpio Gold (CVE:SGN) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Scorpio Gold Co. (CVE:SGNGet Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.28 and traded as high as C$0.34. Scorpio Gold shares last traded at C$0.32, with a volume of 65,000 shares changing hands.

Scorpio Gold Stock Up 4.9%

The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.39 and a current ratio of 4.63. The company has a market cap of C$96.95 million, a price-to-earnings ratio of 16.00 and a beta of 3.67. The stock’s fifty day moving average is C$0.28 and its two-hundred day moving average is C$0.36.

Scorpio Gold Company Profile

(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. The company is based in Vancouver, Canada.

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