Scandium Canada (CVE:SCD) Trading Down 11.7% – What’s Next?

Scandium Canada Ltd. (CVE:SCD) dropped 11.7% on Wednesday . The company traded as low as C$0.26 and last traded at C$0.27. Approximately 4,266,463 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 3,138,484 shares. The stock had previously closed at C$0.30.

Scandium Canada Stock Down 6.7%

The stock has a 50-day moving average of C$0.14 and a 200 day moving average of C$0.08. The company has a market capitalization of C$93.73 million, a PE ratio of -56.00 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.