SolGold (LON:SOLG) Trading 13% Higher – Still a Buy?

SolGold Plc (LON:SOLGGet Free Report)’s share price was up 13% on Wednesday . The company traded as high as GBX 6.95 ($0.09) and last traded at GBX 6.89 ($0.09). Approximately 4,398,325 shares traded hands during trading, an increase of 32% from the average daily volume of 3,331,197 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Trading Up 16.9 %

The business’s 50-day moving average is GBX 6.93 and its two-hundred day moving average is GBX 8.05. 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 stock has a market capitalization of £267.40 million, a PE ratio of -4.36 and a beta of 1.20.

About SolGold

(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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