Scandium Canada (CVE:SCD) Shares Down 13% – Should You Sell?

Shares of Scandium Canada Ltd. (CVE:SCD) traded down 13% on Thursday . The stock traded as low as C$0.21 and last traded at C$0.24. 3,917,210 shares were traded during trading, an increase of 77% from the average session volume of 2,213,467 shares. The stock had previously closed at C$0.27.

Scandium Canada News Roundup

Here are the key news stories impacting Scandium Canada this week:

• Positive Sentiment: Scandium Canada issued a formal statement saying there is “no undisclosed corporate development” behind the recent surge in trading. That reduces risk of undisclosed material news or insider-driven rumors and clarifies the company’s position for investors. Scandium Canada Says No Undisclosed News Behind Share Trading Surge
• Neutral Sentiment: The Canadian Investment Regulatory Organization (CIRO) initiated a trading halt on SCD while unusual activity was investigated. Halts are procedural and temporary but they increase short-term uncertainty and can amplify volatility when trading resumes. Canadian Investment Regulatory Organization Trading Halt – SCD
• Negative Sentiment: A recent Globe and Mail piece highlights why projects focused on scandium carry high technical, market and financing risk. Media coverage emphasizing sector-specific risks can weigh on investor sentiment for small-cap explorers like Scandium Canada, pressuring the share price. Several Canadian stocks have projects involving this rare earth metal. Here’s why risks are high

Scandium Canada Price Performance

The stock has a 50-day simple moving average of C$0.13 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$70.30 million, a P/E ratio of -42.00 and a beta of 4.33.

Scandium Canada Company Profile

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.