SRG Mining (CVE:SRG) Shares Up 10.2% – Should You Buy?

SRG Mining Inc. (CVE:SRG) shares traded up 10.2% during trading on Wednesday . The stock traded as high as C$0.54 and last traded at C$0.54. 37,656 shares traded hands during trading, an increase of 44% from the average session volume of 26,070 shares. The stock had previously closed at C$0.49.

SRG Mining Trading Up 10.2 %

The company has a debt-to-equity ratio of 1.37, a current ratio of 8.89 and a quick ratio of 25.67. The company has a market capitalization of C$63.39 million, a price-to-earnings ratio of -12.07 and a beta of 1.12. The business’s 50-day moving average price is C$0.54 and its two-hundred day moving average price is C$0.54.

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.