SolGold (LON:SOLG) Trading Up 13% – Time to Buy?

Shares of SolGold Plc (LON:SOLGGet Free Report) shot up 13% during mid-day trading on Wednesday . The stock traded as high as GBX 6.95 ($0.09) and last traded at GBX 6.89 ($0.09). 4,398,325 shares changed hands during trading, an increase of 32% from the average session volume of 3,331,197 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Performance

The firm has a market capitalization of £267.40 million, a PE ratio of -4.36 and a beta of 1.20. The firm has a 50-day moving average price of GBX 6.93 and a 200 day moving average price of GBX 8.05. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

SolGold Company Profile

(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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