Scandium Canada (CVE:SCD) Shares Down 11.7% – What’s Next?

Scandium Canada Ltd. (CVE:SCD) was down 11.7% during mid-day trading on Wednesday . The company traded as low as C$0.26 and last traded at C$0.27. Approximately 3,833,240 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 3,025,018 shares. The stock had previously closed at C$0.30.

Scandium Canada Trading Down 6.7%

The company has a market capitalization of C$93.73 million, a price-to-earnings ratio of -56.00 and a beta of 4.33. The firm’s 50 day simple moving average is C$0.14 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.