SRG Mining (CVE:SRG) Stock Price Up 10.2% – Here’s Why

SRG Mining Inc. (CVE:SRG)’s share price was up 10.2% during mid-day trading on Tuesday . The stock traded as high as C$0.54 and last traded at C$0.54. 37,656 shares changed hands during trading, an increase of 44% from the average session volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Stock Up 10.2%

The company has a current ratio of 14.17, a quick ratio of 25.67 and a debt-to-equity ratio of 1.35. The company has a market capitalization of C$63.39 million, a price-to-earnings ratio of -12.07 and a beta of 1.12. The firm’s fifty day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.54.

SRG Mining Company Profile

SRG Mining Inc, a Canadian-based mining company, engages in the exploration and development of mineral properties in Africa. The company primarily explores for graphite deposits. It holds interests in the Lola graphite project located in the Republic of Guinea, West Africa. The company was formerly known as SRG Graphite Inc and changed its name to SRG Mining Inc in July 2019. SRG Mining Inc was incorporated in 1996 and is headquartered in Montreal, Canada.