Scorpio Gold (CVE:SGN) Sets New 1-Year High – Should You Buy?

Scorpio Gold Co. (CVE:SGN)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.52 and last traded at C$0.49, with a volume of 1754794 shares changing hands. The stock had previously closed at C$0.43.

Scorpio Gold Price Performance

The company has a current ratio of 0.09, a quick ratio of 0.39 and a debt-to-equity ratio of 14.76. The stock has a market capitalization of C$131.00 million, a P/E ratio of -3.77 and a beta of 2.65. The company has a fifty day simple moving average of C$0.38 and a two-hundred day simple moving average of C$0.36.

Scorpio Gold Company Profile

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. The company is based in Vancouver, Canada.