SRG Mining (CVE:SRG) Share Price Passes Below 50 Day Moving Average – Here’s Why

SRG Mining Inc. (CVE:SRGGet Free Report) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.54 and traded as low as C$0.50. SRG Mining shares last traded at C$0.54, with a volume of 37,656 shares traded.

SRG Mining Stock Up 10.2%

The firm has a market cap of C$63.39 million, a P/E ratio of -12.07 and a beta of 1.12. The company’s 50-day simple moving average is C$0.54 and its 200 day simple moving average is C$0.54. The company has a debt-to-equity ratio of 1.35, a current ratio of 14.17 and a quick ratio of 25.67.

About SRG Mining

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SRG Mining Inc, a Canadian-based mining company, engages in the exploration and development of mineral properties in Africa. The company primarily explores for graphite deposits. It holds interests in the Lola graphite project located in the Republic of Guinea, West Africa. The company was formerly known as SRG Graphite Inc and changed its name to SRG Mining Inc in July 2019. SRG Mining Inc was incorporated in 1996 and is headquartered in Montreal, Canada.

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