Superior Gold (CVE:SGI) Given a C$0.75 Price Target by Pi Financial Analysts

Pi Financial set a C$0.75 target price on Superior Gold (CVE:SGI) in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Shares of SGI stock traded up C$0.04 during trading hours on Wednesday, hitting C$0.70. 80,200 shares of the company’s stock traded hands, compared to its average volume of 45,366. The stock’s 50 day simple moving average is C$0.56 and its 200 day simple moving average is C$0.69. The stock has a market cap of $64.98 million and a PE ratio of -4.38. Superior Gold has a 12 month low of C$0.38 and a 12 month high of C$1.14. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 22.46.

Superior Gold (CVE:SGI) last released its quarterly earnings results on Tuesday, November 19th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.02). The firm had revenue of C$35.35 million for the quarter. As a group, equities research analysts expect that Superior Gold will post 0.06 EPS for the current fiscal year.

About Superior Gold

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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