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SolGold (LON:SOLG) Trading Up 24.1% - Should You Buy?

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SolGold Plc (LON:SOLG - Get Free Report) shares rose 24.1% during trading on Wednesday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.57 ($0.10). Approximately 22,300,201 shares were traded during mid-day trading, an increase of 504% from the average daily volume of 3,689,234 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Up 1.3 %

The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The stock has a 50 day moving average price of GBX 6.95 and a 200 day moving average price of GBX 8. The company has a market cap of £285.03 million, a P/E ratio of -4.65 and a beta of 1.20.

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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