Superior Gold (CVE:SGI) Stock Price Up 2.6% – Here’s What Happened

Superior Gold Inc. (CVE:SGI) rose 2.6% during trading on Wednesday . The company traded as high as C$0.20 and last traded at C$0.20. Approximately 765,292 shares changed hands during mid-day trading, an increase of 416% from the average daily volume of 148,202 shares. The stock had previously closed at C$0.19.

Superior Gold Stock Performance

The stock has a 50 day moving average of C$0.20 and a 200 day moving average of C$0.20. The company has a quick ratio of 0.75, a current ratio of 0.43 and a debt-to-equity ratio of 52.16. The firm has a market cap of C$24.07 million, a price-to-earnings ratio of -0.78 and a beta of 1.46.

Superior Gold Company Profile

Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. The company also sells silver. It owns and operates Plutonic gold mine located in Western Australia; and holds a 100% interest in the Hermes open pit project that covers an area of approximately 217 km² located to the southwest of the Plutonic gold mine.