Superior Gold (CVE:SGI) Hits New 52-Week Low at $0.38

Shares of Superior Gold Inc (CVE:SGI) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.38 and last traded at C$0.42, with a volume of 251050 shares traded. The stock had previously closed at C$0.40.

A number of research firms have commented on SGI. Eight Capital reduced their target price on Superior Gold from C$1.50 to C$1.25 in a research report on Thursday, August 15th. Pi Financial set a C$0.60 price target on Superior Gold and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets raised their price objective on Superior Gold from C$1.50 to C$1.75 in a research report on Wednesday, September 11th.

The firm has a market capitalization of $71.77 million and a price-to-earnings ratio of -2.63. The business’s 50-day simple moving average is C$0.49 and its two-hundred day simple moving average is C$0.71. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 22.46.

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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