Scorpio Gold (CVE:SGN) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Scorpio Gold Co. (CVE:SGNGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.33 and traded as low as C$0.25. Scorpio Gold shares last traded at C$0.25, with a volume of 460,005 shares changing hands.

Scorpio Gold Price Performance

The stock has a market capitalization of C$75.74 million, a price-to-earnings ratio of 12.50 and a beta of 3.67. The company has a fifty day simple moving average of C$0.33 and a 200 day simple moving average of C$0.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.39 and a current ratio of 4.63.

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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