Scorpio Gold (CVE:SGN) Stock Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Stock crossed below its 50-day moving average, trading as low as C$0.34 and last at C$0.35 on volume of 622,000 shares (50-day MA C$0.42).
• The company has mixed fundamentals with a debt-to-equity ratio of 2.63, quick ratio 0.39, current ratio 4.72, market cap C$104.39M, P/E 34.5 and a high beta of 3.24, signaling leverage and elevated volatility.
• Scorpio Gold is a Vancouver-based gold and silver explorer holding 100% interests in Nevada assets, notably the Mineral Ridge gold project and the Goldwedge property.

Scorpio Gold Co. (CVE:SGN - )'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.42 and traded as low as C$0.34. Scorpio Gold shares last traded at C$0.35, with a volume of 622,000 shares changing hands.

Scorpio Gold Price Performance

The company has a quick ratio of 0.39, a current ratio of 4.72 and a debt-to-equity ratio of 2.63. The firm has a fifty day moving average price of C$0.42 and a two-hundred day moving average price of C$0.38. The stock has a market capitalization of C$104.39 million, a P/E ratio of 34.50 and a beta of 3.24.

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. The company is based in Vancouver, Canada.

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