Scorpio Gold (CVE:SGN) Shares Up 8.6% - Here's What Happened

Key Points

• Shares jumped 8.6% mid-day to C$0.38 (from C$0.35) on Tuesday, with ~215,768 shares traded—about 63% below the average daily volume.
• The company has a market capitalization of C$113.47 million, a P/E of 37.50 and a beta of 3.24, while its 50‑day and 200‑day simple moving averages are C$0.41 and C$0.38 respectively.
• Scorpio Gold is a Vancouver-based gold and silver explorer/developer with 100% interests in the Mineral Ridge project (5,617 ha) and the Goldwedge property (726 ha) in Nevada.

Scorpio Gold Co. (CVE:SGN - ) shares rose 8.6% during mid-day trading on Tuesday . The company traded as high as C$0.38 and last traded at C$0.38. Approximately 215,768 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 583,465 shares. The stock had previously closed at C$0.35.

Scorpio Gold Price Performance

The stock has a market capitalization of C$113.47 million, a P/E ratio of 37.50 and a beta of 3.24. The business's 50 day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.38. The company has a quick ratio of 0.39, a current ratio of 4.72 and a debt-to-equity ratio of 2.63.

Scorpio Gold Company Profile

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. The company is based in Vancouver, Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.