Scorpio Gold Co. (OTCMKTS:SRCRF) Sees Large Growth in Short Interest

Scorpio Gold Co. (OTCMKTS:SRCRF) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 78,381 shares, an increase of 76.9% from the April 30th total of 44,310 shares. Based on an average daily volume of 718,506 shares, the short-interest ratio is presently 0.1 days.

Scorpio Gold Price Performance

Shares of Scorpio Gold stock traded down $0.01 during trading hours on Tuesday, reaching $0.25. The company had a trading volume of 91,774 shares, compared to its average volume of 369,946. Scorpio Gold has a one year low of $0.12 and a one year high of $0.47. The business has a fifty day simple moving average of $0.27 and a 200 day simple moving average of $0.28.

Scorpio Gold Company Profile

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.