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Message: Scorpio Mining Breaks Above 200-Day Moving Average - Bullish for SPM
In trading on Tuesday, shares of Scorpio Mining Corp (Toronto: SPM) crossed above their 200 day moving average of $1.26, changing hands as high as $1.27 per share. Scorpio Mining Corp shares are currently trading up about 4.1% on the day. The chart below shows the one year performance of SPM shares, versus its 200 day moving average:
Looking at the chart above, SPM’s low point in its 52 week range is $0.48 per share, with $2.26 as the 52 week high point — that compares with a last trade of $1.26.
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