Scorpio Gold (CVE:SGN) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Scorpio Gold Co. (CVE:SGNGet Free Report)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.14 and traded as high as C$0.17. Scorpio Gold shares last traded at C$0.17, with a volume of 206,170 shares traded.

Scorpio Gold Stock Up 3.0 %

The stock has a market cap of C$18.60 million, a P/E ratio of -2.13 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. The company has a 50-day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.16.

Scorpio Gold (CVE:SGNGet Free Report) last posted its quarterly earnings results on Tuesday, August 27th. The company reported C$0.03 EPS for the quarter.

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.

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