Scandium Canada (CVE:SCD) Shares Up 11.1% – Here’s Why

Shares of Scandium Canada Ltd. (CVE:SCD) were up 11.1% during trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.25. Approximately 2,375,707 shares traded hands during trading, a decline of 13% from the average daily volume of 2,718,755 shares. The stock had previously closed at C$0.23.

Scandium Canada Trading Up 11.1%

The firm has a market capitalization of C$90.54 million, a price-to-earnings ratio of -62.50 and a beta of 5.38. The company has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.12.

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.