Scorpio Gold (CVE:SGN) Hits New 1-Year High - What's Next?

Key Points

• Scorpio Gold Co. reached a new 52-week high at C$0.49 during trading, a significant increase from its previous closing price of C$0.42, with over 1 million shares traded.
• The company's market capitalization stands at C$110.68 million, with a debt-to-equity ratio of 14.76 and a price-to-earnings ratio of -3.13.
• Recent insider activity saw Director Peter Leofric Hathaway purchase 1.5 million shares at C$0.20 per share, indicating confidence in the company's growth prospects.

Scorpio Gold Co. (CVE:SGN - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$0.49 and last traded at C$0.49, with a volume of 1016830 shares. The stock had previously closed at C$0.42.

Scorpio Gold Stock Performance

The company has a market cap of C$92.74 million, a P/E ratio of -2.59 and a beta of 1.82. The company has a quick ratio of 0.39, a current ratio of 0.09 and a debt-to-equity ratio of 14.76. The stock has a 50 day moving average price of C$0.29 and a two-hundred day moving average price of C$0.19.

Insider Activity at Scorpio Gold

In other Scorpio Gold news, Director Peter Leofric Hathaway bought 1,500,000 shares of Scorpio Gold stock in a transaction on Wednesday, July 30th. The shares were purchased at an average price of C$0.20 per share, with a total value of C$300,000.00. Insiders own 5.33% of the company's stock.

About Scorpio Gold

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.