Scorpio Gold (CVE:SGN) Shares Down 4.1% – What’s Next?

Scorpio Gold Co. (CVE:SGN) shares traded down 4.1% during mid-day trading on Friday . The company traded as low as C$0.36 and last traded at C$0.36. 92,147 shares were traded during mid-day trading, a decline of 84% from the average session volume of 566,174 shares. The stock had previously closed at C$0.37.

Scorpio Gold Stock Down 6.8%

The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.39 and a current ratio of 4.72. The company has a market capitalization of C$104.39 million, a price-to-earnings ratio of 34.50 and a beta of 3.32. The stock’s fifty day simple moving average is C$0.38 and its two-hundred day simple moving average is C$0.39.

Scorpio Gold Company Profile

Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It primarily explores for gold and silver deposits. The company holds 100% interests in the Mineral Ridge gold project covering an area of 5,617 hectares located in Esmeralda County, Nevada; and Goldwedge property that covers an area of 726 hectares located in Manhattan, Nevada. The company is based in Vancouver, Canada.