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

SolGold logo with Basic Materials background

SolGold Plc (LON:SOLG - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 Trading Down 2.6 %

The business has a 50 day moving average of GBX 9.13 and a two-hundred day moving average of GBX 9.45. The firm has a market capitalization of £225.60 million, a price-to-earnings ratio of -752.00 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.

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.

Further Reading

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