SolGold Plc (OTCMKTS:SLGGF) Sees Significant Increase in Short Interest

SolGold Plc (OTCMKTS:SLGGF - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,593,200 shares, a growth of 47.6% from the February 28th total of 1,757,300 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 50,200 shares, the days-to-cover ratio is currently 51.7 days.

SolGold Trading Up 0.6 %

SolGold stock traded up $0.00 during midday trading on Thursday, hitting $0.09. 15,000 shares of the stock were exchanged, compared to its average volume of 84,792. SolGold has a 52 week low of $0.01 and a 52 week high of $0.17. The stock has a market capitalization of $271.60 million, a PE ratio of -9.05 and a beta of 1.70. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $0.09 and a two-hundred day simple moving average of $0.10.

About SolGold

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.