Scorpio Gold Co. (CVE:SGN) saw its share price pass above the 50-day moving average of C$0.24 during trading on Friday. The stock reached a high of C$0.25 and last traded at C$0.24, with a volume of 31,000 shares traded. The company primarily explores for gold and silver deposits in the United States, holding interests in the Mineral Ridge gold project located in Esmeralda County, Nevada, and the Goldwedge property located in Manhattan, Nevada. Scorpio Gold Corporation has a market cap of C$20.71 million, a PE ratio of -1.20, and a beta of 1.19. The stock has a 50-day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.15.
In other gold-related news, Sprott Inc. has sold 149,159 shares of Seabridge Gold Inc. (NYSE:SA), reducing its position in the company by 8.6% in the fourth quarter. The institutional investor now owns 1,579,175 shares of Seabridge Gold, making it the 18th largest position in its portfolio. Seabridge Gold is a basic materials company engaged in the acquisition and exploration of gold properties in North America. Other institutional investors have also adjusted their stakes in the company. Seabridge Gold's stock is currently trading at $14.53 with a market cap of $1.28 billion. The company reported a loss of ($0.07) per share for the last quarter, missing the consensus estimate of $0.03 per share. Analysts predict that Seabridge Gold will post earnings per share of 0.1 for the current year.
Sprott Inc. decreased its stake in MAG Silver Corp. (NYSEAMERICAN:MAG) by 3.1% during the fourth quarter, according to the company's Form 13F filing with the Securities and Exchange Commission. Sprott Inc. owned 3.00% of MAG Silver worth $32,160,000 at the end of the most recent quarter. A number of other hedge funds also recently made changes to their positions in MAG. Crown Wealth Group LLC acquired a new position in shares of MAG Silver during the fourth quarter valued at approximately $118,000. Quadrature Capital Ltd acquired a new position in shares of MAG Silver during the third quarter valued at approximately $127,000. Banque Cantonale Vaudoise increased its stake in shares of MAG Silver by 23.0% during the third quarter. Banque Cantonale Vaudoise now owns 16,242 shares of the company's stock valued at $169,000 after acquiring an additional 3,037 shares during the period. Veracity Capital LLC increased its stake in shares of MAG Silver by 50.0% during the fourth quarter. Veracity Capital LLC now owns 16,654 shares of the company's stock valued at $173,000 after acquiring an additional 5,551 shares during the period. Finally, Rathbones Group PLC acquired a new position in shares of MAG Silver during the third quarter valued at approximately $218,000. Institutional investors own 52.50% of the company's stock.
Dolly Varden Silver Co.'s stock price fell 3.5% during mid-day trading on Monday. The stock traded as low as C$1.10 and last traded at C$1.11. 226,246 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 275,924 shares. Separately, Raymond James increased their price objective on Dolly Varden Silver from C$1.10 to C$1.25 in a research note on Tuesday, April 23rd. The firm has a market cap of C$315.96 million, a price-to-earnings ratio of -11.10, and a beta of 1.48. Dolly Varden Silver last released its earnings results on Wednesday, May 22nd, reporting C($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C($0.01). Insider James Anthony Sabala sold 27,500 shares of Dolly Varden Silver stock in a transaction on Thursday, April 25th. The stock was sold at an average price of C$0.95, for a total value of C$26,213.00. 38.48% of the stock is owned by corporate insiders. Dolly Varden Silver engages in the acquisition and exploration of mineral properties in Canada, exploring for gold, silver, lead, zinc, and copper deposits. The company holds 100% interests in the Kitsault Valley project, which comprises the Dolly Varden property and the Homestake Ridge property located in the Golden Triangle of British Columbia, Canada, and the Big Bulk property located in Canada.
[bd11123a] [04d7ddd1] [32406254] [3bea34cb]