SRG Mining (CVE:SRG) Trading 10.2% Higher – Time to Buy?

SRG Mining Inc. (CVE:SRG) rose 10.2% on Tuesday . The company traded as high as C$0.54 and last traded at C$0.54. Approximately 37,656 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Price Performance

The company has a debt-to-equity ratio of 1.35, a current ratio of 14.17 and a quick ratio of 25.67. The company’s 50 day moving average price is C$0.54 and its 200 day moving average price is C$0.54. The firm has a market capitalization of C$63.39 million, a P/E ratio of -12.07 and a beta of 1.12.

SRG Mining Company Profile

SRG Mining Inc, a Canadian-based mining company, engages in the exploration and development of mineral properties in Africa. The company primarily explores for graphite deposits. It holds interests in the Lola graphite project located in the Republic of Guinea, West Africa. The company was formerly known as SRG Graphite Inc and changed its name to SRG Mining Inc in July 2019. SRG Mining Inc was incorporated in 1996 and is headquartered in Montreal, Canada.