SolGold (LON:SOLG) Shares Up 20.5% – What’s Next?

SolGold Plc (LON:SOLGGet Free Report)’s share price was up 20.5% on Wednesday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.35 ($0.10). Approximately 29,065,729 shares were traded during mid-day trading, an increase of 660% from the average daily volume of 3,824,545 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Trading Up 20.5 %

The company has a market cap of £275.65 million, a price-to-earnings ratio of -4.50 and a beta of 1.20. The company’s fifty day moving average is GBX 6.93 and its two-hundred day moving average is GBX 8.03. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

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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