Scandium Canada (CVE:SCD) Stock Price Down 6.5% – What’s Next?

Scandium Canada Ltd. (CVE:SCD)’s share price fell 6.5% during trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.12. 656,641 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 2,567,426 shares. The stock had previously closed at C$0.12.

Scandium Canada Trading Up 2.5%

The company has a 50-day simple moving average of C$0.17 and a 200 day simple moving average of C$0.15. The company has a market cap of C$54.19 million, a P/E ratio of -30.75 and a beta of 5.14.

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.