Scorpio Gold (CVE:SGN) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Scorpio Gold Co. (CVE:SGN)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.44 and traded as low as C$0.35. Scorpio Gold shares last traded at C$0.37, with a volume of 343,254 shares traded.

Scorpio Gold Price Performance

The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.39 and a current ratio of 7.12. The company’s fifty day simple moving average is C$0.44 and its two-hundred day simple moving average is C$0.39. The stock has a market capitalization of C$105.60 million, a PE ratio of -3.04 and a beta of 2.85.

About Scorpio Gold

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.