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SolGold (LON:SOLG) Shares Up 18.8% - Still a Buy?

SolGold logo with Basic Materials background

SolGold Plc (LON:SOLG - Get Free Report) shares rose 18.8% during mid-day trading on Tuesday . The stock traded as high as GBX 7.69 ($0.10) and last traded at GBX 7.60 ($0.10). Approximately 112,590,797 shares traded hands during mid-day trading, an increase of 1,838% from the average daily volume of 5,811,014 shares. The stock had previously closed at GBX 6.40 ($0.09).

SolGold Price Performance

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The firm has a market capitalization of £268.90 million, a P/E ratio of -4.39 and a beta of 1.20. The stock's fifty day simple moving average is GBX 6.80 and its 200 day simple moving average is GBX 7.46.

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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