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SolGold (LON:SOLG) Shares Cross Below 200 Day Moving Average - Time to Sell?

SolGold logo with Basic Materials background

SolGold Plc (LON:SOLG - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7.58 ($0.10) and traded as low as GBX 5.81 ($0.08). SolGold shares last traded at GBX 6.40 ($0.08), with a volume of 11,351,743 shares changing hands.

SolGold Trading Down 1.8 %

The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The firm has a market capitalization of £264.78 million, a price-to-earnings ratio of -4.32 and a beta of 1.20. The firm's 50-day moving average is GBX 6.80 and its 200 day moving average is GBX 7.50.

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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