Sutter Gold Mining (CVE:SGM) Downgraded by Canaccord Genuity Group to “Hold”

Sutter Gold Mining (CVE:SGM) was downgraded by research analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Sutter Gold Mining Trading Up ∞

Shares of SGM opened at C$0.01 on Thursday. The stock has a 50 day moving average of C$0.01 and a 200 day moving average of C$0.01. The company has a market capitalization of C$1.25 million and a price-to-earnings ratio of -0.22. Sutter Gold Mining has a 12 month low of C$0.01 and a 12 month high of C$0.03.

About Sutter Gold Mining

Sutter Gold Mining Inc, a resource company, explores for, develops, and produces mineral properties in the United States and Mexico. The company primarily explores for gold deposits. Its primary asset is the Lincoln Mine project that covers 711 acre block of surface and mineral rights located to the southeast of Sacramento, California. Sutter Gold Mining Inc is headquartered in Lakewood, Colorado.