San Lorenzo Gold (CVE:SLG) Shares Up 28% – Here’s Why

San Lorenzo Gold Corp. (CVE:SLG) shares rose 28% during 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 Down 6.3 %

The stock’s 50-day moving average is C$0.10 and its 200-day moving average is C$0.08. The stock has a market cap of C$21.51 million, a P/E ratio of -30.00 and a beta of 0.43. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08.

About San Lorenzo Gold

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.