Superior Gold (CVE:SGI) Shares Up 2.6% – Here’s Why

Superior Gold Inc. (CVE:SGI)’s share price shot up 2.6% during mid-day trading on Thursday . The stock traded as high as C$0.20 and last traded at C$0.20. 765,292 shares were traded during mid-day trading, an increase of 416% from the average session volume of 148,202 shares. The stock had previously closed at C$0.19.

Superior Gold Trading Up 2.6 %

The firm’s 50 day moving average is C$0.20 and its 200 day moving average is C$0.20. The company has a debt-to-equity ratio of 52.16, a current ratio of 0.43 and a quick ratio of 0.75. The company has a market capitalization of C$24.07 million, a PE 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.