Scorpio Gold (CVE:SGN) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Scorpio Gold Co. (CVE:SGN) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.44 and traded as low as C$0.35. Scorpio Gold shares last traded at C$0.37, with a volume of 343,254 shares traded.

Scorpio Gold Price Performance

The firm has a 50 day simple moving average of C$0.44 and a 200-day simple moving average of C$0.39. The company has a quick ratio of 0.39, a current ratio of 7.12 and a debt-to-equity ratio of 2.83. The company has a market cap of C$97.58 million, a PE ratio of -2.81 and a beta of 2.85.

Scorpio Gold Company Profile

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% 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 726 hectares located in Manhattan, Nevada. The company is based in Vancouver, Canada.