SolGold (LON:SOLG) Share Price Passes Below 200 Day Moving Average – Should You Sell?

SolGold Plc (LON:SOLGGet Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 9.46 ($0.12) and traded as low as GBX 7.62 ($0.10). SolGold shares last traded at GBX 7.72 ($0.10), with a volume of 1,926,663 shares.

SolGold Price Performance

The company has a quick ratio of 2.30, a current ratio of 0.53 and a debt-to-equity ratio of 78.22. The stock has a fifty day moving average of GBX 9.16 and a 200-day moving average of GBX 9.46. The stock has a market capitalization of £225.90 million, a price-to-earnings ratio of -772.00 and a beta of 1.20.

SolGold Company Profile

(Get Free Report)

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.

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