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

Scorpio Gold Co. (OTCMKTS:SRCRF) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 588,389 shares, a growth of 477.4% from the June 30th total of 101,898 shares. Based on an average trading volume of 295,695 shares, the short-interest ratio is presently 2.0 days.

Scorpio Gold Trading Down 1.0%

Shares of SRCRF stock opened at $0.18 on Friday. Scorpio Gold has a 12 month low of $0.13 and a 12 month high of $0.47. The stock has a 50 day moving average of $0.22 and a two-hundred day moving average of $0.27.

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.