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SolGold (LON:SOLG) Trading Up 20.5% - Should You Buy?

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SolGold Plc (LON:SOLG - Get Free Report) shares shot up 20.5% during trading on Wednesday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.35 ($0.10). 29,065,729 shares changed hands during trading, an increase of 660% from the average session volume of 3,824,545 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Up 1.3 %

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

SolGold Company Profile

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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.

Further Reading

Should You Invest $1,000 in SolGold Right Now?

Before you consider SolGold, you'll want to hear this.

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