Sutter Gold Mining (CVE:SGM) Raised to “Strong-Buy” at Canaccord Genuity Group

Sutter Gold Mining (CVE:SGM) was upgraded by investment analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Sutter Gold Mining Price Performance

SGM opened at C$0.01 on Friday. The business has a 50 day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. Sutter Gold Mining has a 12 month low of C$0.01 and a 12 month high of C$0.03. The stock has a market capitalization of C$1.25 million and a P/E ratio of -0.22.

About Sutter Gold Mining

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.