Scandium Canada (CVE:SCD) Trading 50% Higher – Time to Buy?

Scandium Canada Ltd. (CVE:SCD) shares rose 50% during trading on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.27. Approximately 4,842,652 shares were traded during mid-day trading, an increase of 138% from the average daily volume of 2,033,689 shares. The stock had previously closed at C$0.18.

Scandium Canada News Summary

Here are the key news stories impacting Scandium Canada this week:

• Neutral Sentiment: The stock traded sharply higher on much heavier-than-average volume, suggesting a market reaction to new information or speculative buying; technicals show the 50-day moving average (~C$0.12) is above the 200-day (~C$0.07), and the company has elevated volatility (beta ~4.33). MarketBeat SCD profile

Scandium Canada Trading Up 50.0%

The firm has a market cap of C$90.38 million, a P/E ratio of -54.00 and a beta of 4.33. The business’s fifty day simple moving average is C$0.13 and its 200-day simple moving average is C$0.08.

About Scandium Canada

Scandium Canada Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold, scandium, and base metal deposits. It also holds 100% interests in the Crater Lake project comprising 96 contiguous claims covering an area of 47 square kilometers located to the northeast of Schefferville, Quebec; and the Opawica project, which includes 42 contiguous claims covering an area of 23.45 square kilometers situated the Gand and Lesperance townships. In addition, the company holds interests in the La Ronciere project, which consists of 45 mining claims covering an area of 25.1 square kilometers in Gand and La Roncière townships.