Scorpio Gold (OTCMKTS:SRCRF) Shares Cross Below 200-Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemScorpio Gold Co. (OTCMKTS:SRCRF – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.28 and traded as low as $0.21. Scorpio Gold shares last traded at $0.2254, with a volume of 217,634 shares traded.
Scorpio Gold Price Performance
The stock has a 50-day simple moving average of $0.26 and a 200-day simple moving average of $0.28.
About Scorpio Gold
Scorpio Gold (OTCMKTS:SRCRF) is a mineral exploration and development company focused on identifying, acquiring and advancing gold resource properties in the western United States. The company undertakes geological mapping, surface sampling and drilling programs to delineate mineralization and assess the economic potential of its projects. Scorpio Gold is dedicated to moving its assets from the exploration stage toward resource definition and development through detailed technical and environmental studies.
The company’s principal assets include the Golden Monarch project near Winnemucca, Nevada, and several targets within the Red Hills mining district of Elko County.