Superior Gold (SGI) Reaches New 52-Week Low at $0.67

Superior Gold Inc (CVE:SGI)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.67 and last traded at C$0.72, with a volume of 20300 shares changing hands. The stock had previously closed at C$0.76.

Several equities analysts have recently issued reports on the company. Laurentian set a C$1.75 price target on Superior Gold and gave the company a “buy” rating in a research note on Tuesday, October 23rd. M Partners reaffirmed a “buy” rating on shares of Superior Gold in a research note on Tuesday, November 6th. Finally, TD Securities cut their price target on Superior Gold from C$1.75 to C$1.60 and set a “buy” rating on the stock in a research note on Wednesday, November 14th.

The company has a debt-to-equity ratio of 13.74, a quick ratio of 1.36 and a current ratio of 2.02.

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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.

Further Reading: What is Depreciation?

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