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

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

Several brokerages recently weighed in on SGI. Eight Capital reduced their price target 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 objective on shares of Superior Gold and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets lifted their target price on shares of Superior Gold from C$1.50 to C$1.75 in a report on Wednesday, September 11th.

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

Superior Gold Company Profile (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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