Scorpio Gold (OTCMKTS:SRCRF) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Scorpio Gold Co. (OTCMKTS:SRCRF)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.28 and traded as low as $0.25. Scorpio Gold shares last traded at $0.26, with a volume of 310,712 shares.

Scorpio Gold Price Performance

The company has a 50-day simple moving average of $0.30 and a 200-day simple moving average of $0.28.

About Scorpio Gold

Scorpio Gold (OTCMKTS:SRCRF) is a mineral exploration and development company focused on identifying, acquiring and advancing gold resource properties in the western United States. The company undertakes geological mapping, surface sampling and drilling programs to delineate mineralization and assess the economic potential of its projects. Scorpio Gold is dedicated to moving its assets from the exploration stage toward resource definition and development through detailed technical and environmental studies.

The company’s principal assets include the Golden Monarch project near Winnemucca, Nevada, and several targets within the Red Hills mining district of Elko County.