Scandium Canada (CVE:SCD) Trading Up 7.7% – Here’s Why

Scandium Canada Ltd. (CVE:SCD)’s share price shot up 7.7% during trading on Friday . The company traded as high as C$0.14 and last traded at C$0.14. 243,310 shares were traded during mid-day trading, a decline of 90% from the average session volume of 2,424,922 shares. The stock had previously closed at C$0.13.

Scandium Canada Trading Up 11.5%

The firm has a market capitalization of C$67.59 million, a P/E ratio of -36.25 and a beta of 5.32. The business has a 50-day moving average of C$0.16 and a 200 day moving average of C$0.16.

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.