Scorpio Gold Co. (OTCMKTS:SRCRF) Sees Significant Drop in Short Interest

Scorpio Gold Co. (OTCMKTS:SRCRF) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 71,507 shares, a decline of 75.9% from the July 30th total of 297,059 shares. Based on an average trading volume of 243,862 shares, the days-to-cover ratio is presently 0.3 days.

Scorpio Gold Stock Down 1.3%

Shares of SRCRF stock traded down $0.00 during trading hours on Thursday, reaching $0.25. The stock had a trading volume of 50,065 shares, compared to its average volume of 299,805. The firm has a 50-day simple moving average of $0.20 and a 200-day simple moving average of $0.26. Scorpio Gold has a twelve month low of $0.15 and a twelve month high of $0.47.

Scorpio Gold Company Profile

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.