Scorpio Gold (CVE:SGN) Shares Pass Below 50 Day Moving Average – Should You Sell?

Scorpio Gold Co. (CVE:SGN)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.12 and traded as low as C$0.10. Scorpio Gold shares last traded at C$0.10, with a volume of 530,546 shares traded.

Scorpio Gold Stock Performance

The company has a current ratio of 0.21, a quick ratio of 0.39 and a debt-to-equity ratio of 53.01. The company has a market cap of C$10.94 million, a price-to-earnings ratio of -1.25 and a beta of 1.22. The firm’s 50-day moving average price is C$0.12 and its 200 day moving average price is C$0.13.

About Scorpio Gold

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.