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Sego Resources' stock doubled to C$0.07 on heavy volume, but the reason for the surge remains unclear.
Sego Resources (CVE:SGZ) shares surged 100% on Friday, rising from C$0.04 to a close of C$0.07, with trading volume jumping to about 3.17 million shares—1,752% above average.
The North Vancouver-based exploration-stage mining company owns a 100% interest in the Miner Mountain copper-gold porphyry project in British Columbia.
The stock's market cap stands at C$13.45 million, with a low debt-to-equity ratio of 0.04 and a negative P/E ratio of -35.00.
Technical indicators show 50-day and 200-day moving averages at C$0.03 and C$0.02, respectively.
The cause of the sharp price increase remains unexplained in the available information.
Las acciones de Sego Resources se duplicaron a 0,07 dólares canadienses en un volumen elevado, pero la razón del aumento sigue sin estar clara.