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

Scorpio Gold Co. (CVE:SGN)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Scorpio Gold Price Performance

The company has a debt-to-equity ratio of 53.01, a quick ratio of 0.39 and a current ratio of 0.21. The stock 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 50 day moving average of C$0.14 and a 200 day moving average of C$0.15.

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

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.