SolGold (LON:SOLG) Stock Price Up 20.5% – Time to Buy?

SolGold Plc (LON:SOLGGet Free Report)’s share price traded up 20.5% during mid-day trading on Wednesday . The stock traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.35 ($0.10). Approximately 29,065,729 shares were traded during mid-day trading, an increase of 660% from the average session volume of 3,824,545 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Performance

The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The firm has a market cap of £275.65 million, a PE ratio of -4.50 and a beta of 1.20. The stock’s 50 day moving average price is GBX 6.93 and its 200 day moving average price is GBX 8.05.

SolGold Company Profile

(Get Free Report)

SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources.

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