Scandium Canada (CVE:SCD) Shares Down 6.5% - Here's Why

Key Points

• Shares fell about 6.5% Wednesday, trading as low as C$0.11 and last at C$0.12, with midday volume ~656,641 shares—about a 74% decline from its average daily volume.
• The stock trades below its 50‑day moving average (C$0.18) and near its 200‑day (C$0.16); it has a market capitalization of C$57.27 million, a negative P/E (-32.50) and a high beta (5.14), indicating volatility and no earnings.
• Scandium Canada is a mineral exploration company focused on gold, scandium and base metals, holding 100% interests in several Quebec projects including Crater Lake, Opawica and La Roncière.

Scandium Canada Ltd. (CVE:SCD - ) shares were down 6.5% during mid-day trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.12. Approximately 656,641 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 2,567,426 shares. The stock had previously closed at C$0.12.

Scandium Canada Price Performance

The company's 50-day moving average is C$0.18 and its 200-day moving average is C$0.16. The firm has a market capitalization of C$57.27 million, a price-to-earnings ratio of -32.50 and a beta of 5.14.

About Scandium Canada

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.

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