Scorpio Gold Co. (OTCMKTS:SRCRF) Sees Significant Increase in Short Interest

Scorpio Gold Co. (OTCMKTS:SRCRF – Get Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 36,800 shares, an increase of 23.5% from the March 15th total of 29,800 shares. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is currently 2.9 days.

OTCMKTS:SRCRF opened at $0.06 on Tuesday. The company’s 50-day simple moving average is $0.06 and its 200-day simple moving average is $0.08. Scorpio Gold has a fifty-two week low of $0.05 and a fifty-two week high of $0.14.

About Scorpio Gold (Get Rating)

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. The company primarily explores for gold and silver deposits. It holds 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 717 hectares located in Manhattan, Nevada.

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