SRG Mining (CVE:SRG) Trading 10.2% Higher – Here’s Why

SRG Mining Inc. (CVE:SRGGet Free Report)’s share price shot up 10.2% during trading on Tuesday . The stock traded as high as C$0.54 and last traded at C$0.54. Approximately 37,656 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Stock Up 10.2%

The stock’s fifty day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.54. The company has a market capitalization of C$63.39 million, a price-to-earnings ratio of -12.07 and a beta of 1.12. The company has a debt-to-equity ratio of 1.35, a quick ratio of 25.67 and a current ratio of 14.17.

About SRG Mining

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SRG Mining Inc, a Canadian-based mining company, engages in the exploration and development of mineral properties in Africa. The company primarily explores for graphite deposits. It holds interests in the Lola graphite project located in the Republic of Guinea, West Africa. The company was formerly known as SRG Graphite Inc and changed its name to SRG Mining Inc in July 2019. SRG Mining Inc was incorporated in 1996 and is headquartered in Montreal, Canada.

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