Scorpio Gold (CVE:SGN) Trading Up 3.3% – Time to Buy?

Scorpio Gold Co. (CVE:SGNGet Free Report) shot up 3.3% during mid-day trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.31. 243,129 shares changed hands during trading, a decline of 41% from the average session volume of 411,508 shares. The stock had previously closed at C$0.30.

Scorpio Gold Trading Up 3.3%

The company has a current ratio of 0.09, a quick ratio of 0.39 and a debt-to-equity ratio of 14.76. The business has a 50 day moving average price of C$0.38 and a 200-day moving average price of C$0.27. The firm has a market capitalization of C$69.28 million, a PE ratio of -1.94 and a beta of 2.33.

Scorpio Gold Company Profile

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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.

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