Scorpio Gold (CVE:SGN) Shares Up 8.6% – Here’s What Happened

Scorpio Gold Co. (CVE:SGN) shares rose 8.6% during mid-day trading on Tuesday . The company traded as high as C$0.38 and last traded at C$0.38. Approximately 215,768 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 583,465 shares. The stock had previously closed at C$0.35.

Scorpio Gold Price Performance

The stock has a market capitalization of C$113.47 million, a P/E ratio of 37.50 and a beta of 3.24. The business’s 50 day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.38. The company has a quick ratio of 0.39, a current ratio of 4.72 and a debt-to-equity ratio of 2.63.

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.