San Lorenzo Gold (CVE:SLG) Stock Price Up 28% – Time to Buy?

San Lorenzo Gold Corp. (CVE:SLGGet Free Report) shares rose 28% during mid-day trading on Thursday . The stock traded as high as C$0.36 and last traded at C$0.32. Approximately 2,387,811 shares traded hands during mid-day trading, an increase of 657% from the average daily volume of 315,340 shares. The stock had previously closed at C$0.25.

San Lorenzo Gold Stock Performance

The company has a quick ratio of 0.03, a current ratio of 0.75 and a debt-to-equity ratio of 54.08. The company has a 50 day simple moving average of C$0.09 and a 200-day simple moving average of C$0.08. The stock has a market capitalization of C$21.51 million, a price-to-earnings ratio of -30.00 and a beta of 0.43.

About San Lorenzo Gold

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San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile.

Further Reading

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