Superior Gold (CVE:SGI) Trading Up 2.6% – Should You Buy?

Shares of Superior Gold Inc. (CVE:SGIGet Free Report) shot up 2.6% during trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.20. 765,292 shares traded hands during 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 Price Performance

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 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 stock has a 50 day moving average price of C$0.20 and a 200-day moving average price of C$0.20.

Superior Gold Company Profile

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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 kmĀ² located to the southwest of the Plutonic gold mine.

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