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SolGold (LON:SOLG) Share Price Crosses Below 200 Day Moving Average - Here's Why

SolGold logo with Basic Materials background

SolGold Plc (LON:SOLG - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.93 ($0.11) and traded as low as GBX 7 ($0.09). SolGold shares last traded at GBX 7.23 ($0.09), with a volume of 2,191,465 shares trading hands.

SolGold Stock Down 2.2 %

The company has a market capitalization of £212.10 million, a PE ratio of -707.00 and a beta of 1.20. The company has a debt-to-equity ratio of 78.22, a quick ratio of 2.30 and a current ratio of 0.53. The firm has a fifty day simple moving average of GBX 7.37 and a 200-day simple moving average of GBX 8.91.

About SolGold

(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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