Scorpio Gold (CVE:SGN) Stock Price Down 4.1% – Time to Sell?

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

Scorpio Gold Price Performance

The stock’s fifty day moving average price is C$0.38 and its two-hundred day moving average price is C$0.39. The firm has a market capitalization of C$101.37 million, a price-to-earnings ratio of 33.50 and a beta of 3.32. The company has a current ratio of 4.72, a quick ratio of 0.39 and a debt-to-equity ratio of 2.63.

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.