Scandium Canada (CVE:SCD) Trading Down 5.4% - Here's Why

Key Points

• Shares fell to C$0.18, down about 5.4% from the prior close (C$0.19) on Monday, with roughly 811,711 shares trading—about a 73% drop versus the stock's average daily volume.
• The company is loss-making with a market cap of C$61.57 million, a negative P/E of -42.50 and a high volatility profile (beta 4.83); its 50-day and 200-day moving averages are C$0.22 and C$0.14, respectively.
• Scandium Canada is a mineral explorer targeting gold, scandium and base metals and holds 100% interests in the Crater Lake (96 claims, 47 km²), Opawica (42 claims, 23.45 km²) and La Ronciere (45 claims, 25.1 km²) projects in Quebec.

Shares of Scandium Canada Ltd. (CVE:SCD - ) dropped 5.4% during trading on Monday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 811,711 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 3,053,236 shares. The stock had previously closed at C$0.19.

Scandium Canada Trading Down 8.1%

The stock has a market cap of C$61.57 million, a price-to-earnings ratio of -42.50 and a beta of 4.83. The company's fifty day moving average is C$0.22 and its two-hundred day moving average is C$0.14.

Scandium Canada Company Profile

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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