Superior Gold (CVE:SGI) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Superior Gold (CVE:SGI) posted its quarterly earnings results on Wednesday. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C($0.02) by C($0.01), reports. The firm had revenue of C$42.31 million for the quarter.

SGI stock opened at C$0.89 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.66 and a debt-to-equity ratio of 20.27. Superior Gold has a 1 year low of C$0.44 and a 1 year high of C$1.30. The company has a fifty day simple moving average of C$0.86 and a 200 day simple moving average of C$0.69. The firm has a market cap of $106.68 million and a PE ratio of -8.09.

SGI has been the topic of several research analyst reports. Pi Financial boosted their price target on shares of Superior Gold from C$1.30 to C$1.55 in a report on Wednesday, July 24th. Eight Capital lowered their price target on shares of Superior Gold from C$1.50 to C$1.25 in a report on Thursday. Finally, BMO Capital Markets lowered their price target on shares of Superior Gold from C$2.00 to C$1.50 in a report on Wednesday, May 15th.

About Superior Gold

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Earnings History for Superior Gold (CVE:SGI)

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