Scandium Canada (CVE:SCD) Trading Down 11.6% – Time to Sell?

Scandium Canada Ltd. (CVE:SCD)’s stock price was down 11.6% during trading on Thursday . The stock traded as low as C$0.19 and last traded at C$0.19. Approximately 520,538 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 3,263,912 shares. The stock had previously closed at C$0.22.

Scandium Canada Trading Down 9.3%

The company’s 50-day moving average is C$0.18 and its 200-day moving average is C$0.10. The firm has a market cap of C$70.62 million, a price-to-earnings ratio of -48.75 and a beta of 5.38.

Scandium Canada Company Profile

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.