Scandium Canada (CVE:SCD) Trading Up 30.6% - Here's Why

Key Points

• Scandium Canada shares jumped about 30% intraday, trading as high as C$0.25 and last at C$0.24 from a C$0.18 close, with roughly 3.92 million shares changing hands — about 106% above average volume.
• The company is a small-cap (market cap C$80.34M) mineral exploration firm focused on scandium, gold and base metals, and shows a negative P/E and high volatility (beta 4.33) with 50/200-day moving averages of C$0.12 and C$0.07.

Scandium Canada Ltd. (CVE:SCD - ) shares were up 30.6% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 3,920,047 shares were traded during mid-day trading, an increase of 106% from the average daily volume of 1,904,266 shares. The stock had previously closed at C$0.18.

Scandium Canada Trading Up 33.3%

The company has a market cap of C$80.34 million, a price-to-earnings ratio of -48.00 and a beta of 4.33. The company's 50 day moving average price is C$0.12 and its 200 day moving average price is C$0.07.

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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