Scandium Canada (CVE:SCD) Stock Price Up 28.6% – Here’s Why

Scandium Canada Ltd. (CVE:SCD) rose 28.6% during trading on Tuesday . The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 4,258,696 shares changed hands during trading, an increase of 482% from the average daily volume of 731,660 shares. The stock had previously closed at C$0.11.

Scandium Canada Price Performance

The firm has a market cap of C$42.94 million, a P/E ratio of -15.00 and a beta of 3.65. The stock’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.05.

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.