Short Interest in Scorpio Gold Co. (OTCMKTS:SRCRF) Rises By 332.3%

Scorpio Gold Co. (OTCMKTS:SRCRF) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 26,800 shares, a growth of 332.3% from the August 15th total of 6,200 shares. Based on an average daily volume of 263,700 shares, the days-to-cover ratio is presently 0.1 days.

Scorpio Gold Price Performance

Shares of Scorpio Gold stock traded down $0.01 on Thursday, reaching $0.08. 154,458 shares of the company’s stock were exchanged, compared to its average volume of 40,811. The firm’s 50-day moving average is $0.10 and its two-hundred day moving average is $0.14. Scorpio Gold has a 52 week low of $0.03 and a 52 week high of $0.39.

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.