Superior Gold (SGI) Shares Up 11.8%

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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.

Superior Gold (CVE:SGI) last released its quarterly earnings results on Wednesday, March 13th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.04) by C($0.05). The company had revenue of C$31.59 million for the quarter. As a group, analysts predict that Superior Gold Inc will post 0.150000004411765 earnings per share for the current year.

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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.

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