Superior Gold (CVE:SGI) Stock Price Up 2.6% – Time to Buy?

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

Superior Gold Price Performance

The company has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.20. The stock has a market capitalization of C$24.07 million, a price-to-earnings ratio of -0.78 and a beta of 1.46. The company has a debt-to-equity ratio of 52.16, a quick ratio of 0.75 and a current ratio of 0.43.

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.