Scotgold Resources (LON:SGZ) Stock Passes Below Two Hundred Day Moving Average of $59.70

Scotgold Resources Limited (LON:SGZ – Get Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.70 ($0.72) and traded as low as GBX 39 ($0.47). Scotgold Resources shares last traded at GBX 39 ($0.47), with a volume of 56,188 shares changing hands.

Scotgold Resources Price Performance

The company has a debt-to-equity ratio of 97.97, a current ratio of 1.15 and a quick ratio of 0.12. The stock has a market cap of £25.97 million, a P/E ratio of -390.00 and a beta of 0.40. The company’s 50 day simple moving average is GBX 49.84 and its 200 day simple moving average is GBX 59.70.

About Scotgold Resources

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Scotgold Resources Limited engages in the mine development and mineral exploration businesses in Australia, Scotland, France, and Portugal. The company explores for gold and silver deposits. It focuses on the development of Cononish project located in the Grampian Highlands of Scotland. The company also holds interest in the Grampian project comprising 13 option agreements covering an area of approximately 3000 square kilometers located in Scotland.