Scorpio Gold (CVE:SGN) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Scorpio Gold Co. (CVE:SGN)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.14 and traded as low as C$0.14. Scorpio Gold shares last traded at C$0.14, with a volume of 270,550 shares changing hands.

Scorpio Gold Stock Down 6.9 %

The firm’s 50-day simple moving average is C$0.14 and its 200-day simple moving average is C$0.15. The company has a market capitalization of C$14.77 million, a price-to-earnings ratio of -1.69 and a beta of 1.22. The company has a debt-to-equity ratio of 53.01, a quick ratio of 0.39 and a current ratio of 0.21.

Scorpio Gold (CVE:SGN) last issued its quarterly earnings results on Tuesday, August 27th. The company reported C$0.03 earnings per share (EPS) for the quarter.

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.