Scotgold Resources (LON:SGZ) Share Price Passes Below Two Hundred Day Moving Average of $43.40

Scotgold Resources Limited (LON:SGZ – Get Rating)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 43.40 ($0.54) and traded as low as GBX 15 ($0.19). Scotgold Resources shares last traded at GBX 16 ($0.20), with a volume of 81,978 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Scotgold Resources in a research report on Monday, May 15th.

Scotgold Resources Stock Down 6.3 %

The firm has a market cap of £10.57 million, a price-to-earnings ratio of -123.08 and a beta of 0.40. The company has a debt-to-equity ratio of 170.53, a quick ratio of 0.12 and a current ratio of 0.33. The business’s 50-day moving average is GBX 20.45 and its 200-day moving average is GBX 43.40.

Scotgold Resources Company Profile

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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.