Superior Gold (CVE:SGI) Stock Price Up 2.6% – Here’s Why

Superior Gold Inc. (CVE:SGIGet Free Report)’s stock price shot up 2.6% on Wednesday . The company traded as high as C$0.20 and last traded at C$0.20. 765,290 shares were traded during trading, an increase of 416% from the average session volume of 148,202 shares. The stock had previously closed at C$0.19.

Superior Gold Stock Performance

The stock has a market cap of C$24.07 million, a price-to-earnings ratio of -0.78 and a beta of 1.46. The company’s 50-day simple moving average is C$0.20 and its 200-day simple moving average is C$0.20. The company has a quick ratio of 0.75, a current ratio of 0.43 and a debt-to-equity ratio of 52.16.

Superior Gold Company Profile

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Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. The company also sells silver. It owns and operates Plutonic gold mine located in Western Australia; and holds a 100% interest in the Hermes open pit project that covers an area of approximately 217 kmĀ² located to the southwest of the Plutonic gold mine.

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