Scotgold Resources (LON:SGZ) Stock Crosses Below 200 Day Moving Average of $65.91

Scotgold Resources Limited (LON:SGZGet Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 65.91 ($0.80) and traded as low as GBX 39 ($0.48). Scotgold Resources shares last traded at GBX 40.50 ($0.49), with a volume of 151,884 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Scotgold Resources in a report on Thursday, October 20th.

Scotgold Resources Trading Down 12.0 %

The company has a market cap of £24.17 million and a price-to-earnings ratio of -4.88. The company has a current ratio of 0.18, a quick ratio of 0.12 and a debt-to-equity ratio of 69.82. The business’s 50 day moving average price is GBX 61.24 and its 200-day moving average price is GBX 65.91.

Scotgold Resources Company Profile

(Get Rating)

Scotgold Resources Limited engages in the mine development and mineral exploration businesses in Australia, Scotland, France, and Portugal. The company explores for gold and silver deposits. It focuses on the development of Cononish project located in the Grampian Highlands of Scotland. The company also holds interest in the Grampian project comprising 13 option agreements covering an area of approximately 3000 square kilometers located in Scotland.

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