Scorpio Gold (CVE:SGN) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Scorpio Gold Co. (CVE:SGN)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.14 and traded as low as C$0.14. Scorpio Gold shares last traded at C$0.15, with a volume of 202,922 shares changing hands.

Scorpio Gold Stock Down 6.5 %

The firm’s 50 day moving average is C$0.14 and its 200-day moving average is C$0.15. The firm has a market cap of C$15.86 million, a PE ratio of -1.81 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 0.21 and a debt-to-equity ratio of 53.01.

Scorpio Gold (CVE:SGN) last issued its quarterly earnings results on Tuesday, August 27th. The company reported C$0.03 earnings per share for the quarter.

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.