Short Interest in SolGold Plc (OTCMKTS:SLGGF) Rises By 47.6%

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

SolGold Trading Up 3.6 %

OTCMKTS SLGGF opened at $0.10 on Friday. The stock has a market cap of $300.11 million, a P/E ratio of -10.00 and a beta of 1.70. SolGold has a fifty-two week low of $0.01 and a fifty-two week high of $0.17. The stock has a 50 day simple moving average of $0.09 and a two-hundred day simple moving average of $0.10. 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.