Scorpio Gold Co. (OTCMKTS:SRCRF) Short Interest Down 49.5% in July

Scorpio Gold Co. (OTCMKTS:SRCRF) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 297,059 shares, a drop of 49.5% from the July 15th total of 588,389 shares. Based on an average daily trading volume, of 370,893 shares, the days-to-cover ratio is currently 0.8 days.

Scorpio Gold Stock Up 3.6%

Shares of SRCRF stock opened at $0.23 on Tuesday. The stock’s fifty day simple moving average is $0.20 and its 200 day simple moving average is $0.26. Scorpio Gold has a one year low of $0.15 and a one year high of $0.47.

About Scorpio Gold

Scorpio Gold (OTCMKTS:SRCRF) is a mineral exploration and development company focused on identifying, acquiring and advancing gold resource properties in the western United States. The company undertakes geological mapping, surface sampling and drilling programs to delineate mineralization and assess the economic potential of its projects. Scorpio Gold is dedicated to moving its assets from the exploration stage toward resource definition and development through detailed technical and environmental studies.

The company’s principal assets include the Golden Monarch project near Winnemucca, Nevada, and several targets within the Red Hills mining district of Elko County.