SolGold Plc (LON:SOLG – Get Free Report) shares shot up 20.5% during trading on Thursday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.35 ($0.10). 29,065,729 shares traded hands 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 stock’s 50-day simple moving average is GBX 6.93 and its 200-day simple moving average is GBX 8.03. The stock has a market cap of £275.65 million, a price-to-earnings ratio of -4.50 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.
About SolGold
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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