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

Scorpio Gold Co. (CVE:SGNGet Free Report)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.10 and traded as high as C$0.10. Scorpio Gold shares last traded at C$0.10, with a volume of 119,000 shares trading hands.

Scorpio Gold Stock Performance

The company has a debt-to-equity ratio of 14.76, a current ratio of 0.09 and a quick ratio of 0.39. The stock has a fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.12. The company has a market cap of C$9.14 million, a P/E ratio of -3.11 and a beta of 1.22.

About Scorpio Gold

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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.

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