Short Interest in Scorpio Gold Co. (OTCMKTS:SRCRF) Declines By 51.6%

Scorpio Gold Co. (OTCMKTS:SRCRF) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 34,599 shares, a drop of 51.6% from the August 15th total of 71,507 shares. Based on an average daily trading volume, of 319,081 shares, the days-to-cover ratio is presently 0.1 days.

Scorpio Gold Stock Down 5.5%

OTCMKTS:SRCRF opened at $0.20 on Wednesday. Scorpio Gold has a twelve month low of $0.15 and a twelve month high of $0.61. The business has a 50 day moving average price of $0.22 and a two-hundred day moving average price of $0.25.

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.