Shares of Superior Gold Inc (CVE:SGI) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.43, with a volume of 45000 shares changing hands. The stock had previously closed at C$0.45.
Several analysts have recently commented on SGI shares. Eight Capital lowered their price target on shares of Superior Gold from C$1.50 to C$1.25 in a research report on Thursday, August 15th. Pi Financial increased their price target on shares of Superior Gold from C$1.30 to C$1.55 in a research report on Wednesday, July 24th. Finally, BMO Capital Markets raised their target price on shares of Superior Gold from C$1.50 to C$1.75 in a research report on Wednesday, September 11th.
The stock’s 50-day moving average is C$0.63 and its 200-day moving average is C$0.73. The stock has a market cap of $71.77 million and a price-to-earnings ratio of -3.07. The company has a debt-to-equity ratio of 18.02, a current ratio of 1.18 and a quick ratio of 0.66.
About Superior Gold (CVE:SGI)
Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km north east of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.
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