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SolGold (LON:SOLG) Trading 23.7% Higher - Here's What Happened

SolGold logo with Basic Materials background
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SolGold Plc (LON:SOLG - Get Free Report)'s stock price rose 23.7% on Wednesday . The company traded as high as GBX 7.55 ($0.10) and last traded at GBX 7.55 ($0.10). Approximately 7,950,485 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 3,402,240 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Up 23.4 %

The company has a market capitalization of £282.22 million, a price-to-earnings ratio of -4.60 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. The firm's 50 day simple moving average is GBX 6.93 and its 200-day simple moving average is GBX 8.05.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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