Superior Gold Inc (CVE:SGI)’s share price shot up 11.8% during trading on Monday . The company traded as high as C$0.55 and last traded at C$0.52. 102,000 shares were traded during mid-day trading, a decline of 23% from the average session volume of 132,309 shares. The stock had previously closed at C$0.47.
SGI has been the topic of several analyst reports. Pi Financial dropped their price target on shares of Superior Gold from C$1.50 to C$1.30 in a research note on Monday, March 25th. TD Securities downgraded shares of Superior Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$1.15 to C$0.80 in a research note on Thursday, March 21st. Cormark downgraded shares of Superior Gold from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$1.05 to C$0.80 in a research note on Thursday, March 14th. Finally, Eight Capital dropped their price target on shares of Superior Gold from C$1.80 to C$1.50 in a research note on Monday, March 11th.
The company has a market capitalization of $44.53 million and a PE ratio of -3.86. The company has a debt-to-equity ratio of 15.60, a quick ratio of 0.71 and a current ratio of 1.26.
COPYRIGHT VIOLATION NOTICE: This story was published by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://weekherald.com/2019/04/15/superior-gold-sgi-shares-up-11-8.html.
About Superior Gold (CVE:SGI)
Superior Gold Inc engages in the acquisition, exploration, development, and operation of gold resource properties. Its principal asset is the Plutonic gold Mine that is located approximately 800km north east of Perth, Western Australia. The company was formerly known as 2525908 Ontario Inc and changed its name to Superior Gold Inc December 2016.
Recommended Story: Different Types of Derivatives
Receive News & Ratings for Superior Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Gold and related companies with MarketBeat.com's FREE daily email newsletter.