SolGold Plc (OTCMKTS:SLGGF) Sees Large Increase in Short Interest

SolGold Plc (OTCMKTS:SLGGF) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 2,593,200 shares, a growth of 47.6% from the February 28th total of 1,757,300 shares. Based on an average daily volume of 50,200 shares, the short-interest ratio is currently 51.7 days. Approximately 0.1% of the shares of the company are sold short.

SolGold Stock Performance

OTCMKTS:SLGGF traded up $0.00 during mid-day trading on Monday, reaching $0.10. The stock had a trading volume of 94,001 shares, compared to its average volume of 89,341. SolGold has a twelve month low of $0.01 and a twelve month high of $0.17. The business has a 50 day simple moving average of $0.09 and a 200 day simple moving average of $0.10. The firm has a market capitalization of $300.11 million, a price-to-earnings ratio of -10.00 and a beta of 1.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.75 and a current ratio of 3.75.

SolGold Company Profile

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.