Scorpio Gold (CVE:SGN) Stock Price Up 3% – Still a Buy?

Scorpio Gold Co. (CVE:SGNGet Free Report) shares traded up 3% on Tuesday . The company traded as high as C$0.35 and last traded at C$0.35. 230,197 shares traded hands during trading, a decline of 6% from the average session volume of 246,144 shares. The stock had previously closed at C$0.34.

Scorpio Gold Price Performance

The firm has a market capitalization of C$92.24 million, a price-to-earnings ratio of -2.65 and a beta of 2.51. The company’s 50 day moving average is C$0.35 and its 200 day moving average is C$0.33. The company has a quick ratio of 0.39, a current ratio of 0.09 and a debt-to-equity ratio of 14.76.

About Scorpio Gold

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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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