San Lorenzo Gold (CVE:SLG) Trading 32% Higher – Still a Buy?

San Lorenzo Gold Corp. (CVE:SLGGet Free Report) rose 32% on Thursday . The company traded as high as C$0.34 and last traded at C$0.33. Approximately 2,007,311 shares were traded during mid-day trading, an increase of 577% from the average daily volume of 296,687 shares. The stock had previously closed at C$0.25.

San Lorenzo Gold Stock Performance

The stock’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.08. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08. The stock has a market capitalization of C$21.51 million, a price-to-earnings ratio of -30.00 and a beta of 0.43.

About San Lorenzo Gold

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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.

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