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SolGold (LON:SOLG) Trading Up 1.8% - Time to Buy?

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Shares of SolGold Plc (LON:SOLG - Get Free Report) shot up 1.8% on Thursday . The company traded as high as GBX 7.59 ($0.10) and last traded at GBX 7.48 ($0.10). 13,696,189 shares were traded during trading, an increase of 241% from the average session volume of 4,018,107 shares. The stock had previously closed at GBX 7.35 ($0.10).

SolGold Trading Up 1.3 %

The stock has a 50 day moving average of GBX 6.95 and a 200-day moving average of GBX 7.98. The company has a market capitalization of £288.78 million, a P/E ratio of -4.71 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

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.

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