Scorpio Gold (OTCMKTS:SRCRF) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Scorpio Gold Co. (OTCMKTS:SRCRFGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.28 and traded as low as $0.2565. Scorpio Gold shares last traded at $0.2665, with a volume of 180,506 shares changing hands.

Scorpio Gold Price Performance

The firm’s fifty day simple moving average is $0.31 and its 200-day simple moving average is $0.28.

Scorpio Gold Company Profile

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Scorpio Gold (OTCMKTS:SRCRF) is a mineral exploration and development company focused on identifying, acquiring and advancing gold resource properties in the western United States. The company undertakes geological mapping, surface sampling and drilling programs to delineate mineralization and assess the economic potential of its projects. Scorpio Gold is dedicated to moving its assets from the exploration stage toward resource definition and development through detailed technical and environmental studies.

The company’s principal assets include the Golden Monarch project near Winnemucca, Nevada, and several targets within the Red Hills mining district of Elko County.

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