Scorpio Gold (CVE:SGN) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Scorpio Gold Co. (CVE:SGN) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.38 and traded as low as C$0.37. Scorpio Gold shares last traded at C$0.43, with a volume of 1,557,175 shares trading hands.

Scorpio Gold Stock Performance

The company has a debt-to-equity ratio of 14.76, a current ratio of 0.09 and a quick ratio of 0.39. The stock has a market cap of C$131.00 million, a PE ratio of -3.77 and a beta of 2.65. The business has a 50 day moving average price of C$0.38 and a two-hundred day moving average price of C$0.37.

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.