Sutter Gold Mining (CVE:SGM) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Sutter Gold Mining (CVE:SGM) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

Sutter Gold Mining Stock Performance

Shares of CVE SGM opened at C$0.01 on Thursday. The stock has a market cap of C$1.25 million and a price-to-earnings ratio of -0.22. Sutter Gold Mining has a fifty-two week low of C$0.01 and a fifty-two week high of C$0.03. The firm’s 50-day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01.

Sutter Gold Mining Company Profile

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.