Scandium International Mining Corp. (SCY.V) has experienced a notable decline this week amid a backdrop of recent developments.
Scandium International Mining Corp. has seen its stock price drop by 3.03% today and 8.57% over the past week. Despite some recent corporate activities, the stock has struggled to maintain upward momentum.
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Scandium International Mining Corp.
SCY.V
SCY.V
Scandium International Mining Corp.
WealthAwesomeMarket cap
$57.20M
P/E
0.0x
52W high
$0.18
52W low
$0.04
1W change
-8.57%
Beta
1.85
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SCY's historical volatility
30-Day Vol
96.3%
Annualized
90-Day Vol
100.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$0.19
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.17 | C$0.12 – C$0.24 |
| 60 trading days | C$0.18 | C$0.11 – C$0.29 |
| 90 trading days | C$0.19 | C$0.11 – C$0.34 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider the recent price action in light of the company's ongoing projects and market conditions, particularly as the stock remains positioned within a significant 52-week range.
Stock down 3.03% today, 8.57% this week.
Current trading volume is 145,618 shares, which is only 71% of the 20-day average, indicating reduced investor interest.
Bull case
The Nyngan Scandium Project is fully shovel-ready, and recent updates to its Definitive Feasibility Study could make it more appealing to potential investors as the project moves closer to production.
Bear case
With a high beta of 1.85, SCY.V is more volatile than the market. The lack of immediate positive news may weigh on investor sentiment, especially since trading volume has declined compared to its 20-day average.
Recent Price Action
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Scandium International Mining Corp. (SCY.V) closed at C$0.16, reflecting a decline of 3.03% today and an 8.57% drop over the past week. The stock has shown a year-to-date gain of 33.33%, despite the recent downturn.
Recent Company Developments
No major news has been reported this week, but recent headlines include the announcement of a grant of options and an update on the Definitive Feasibility Study for the Nyngan Scandium Project. These developments may influence investor sentiment as they highlight the company's ongoing commitment to advancing its projects.
Technical Picture
The stock's 50-day moving average stands at C$0.15, indicating a 4.5% increase compared to the current price, while the 200-day moving average is C$0.13, reflecting a 20.7% increase. The stock is currently trading at 86% of its 52-week range, which spans from C$0.04 to C$0.18. With a beta of 1.85, SCY.V is considered quite volatile, and the latest trading volume of 145,618 shares is significantly lower than the 20-day average of 203,886 shares.
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