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SolGold (LON:SOLG) Trading Up 13% - Time to Buy?

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Shares of SolGold Plc (LON:SOLG - Get Free Report) shot up 13% during mid-day trading on Wednesday . The stock traded as high as GBX 6.95 ($0.09) and last traded at GBX 6.89 ($0.09). 4,398,325 shares changed hands during trading, an increase of 32% from the average session volume of 3,331,197 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Performance

The firm has a market capitalization of £267.40 million, a PE ratio of -4.36 and a beta of 1.20. The firm has a 50-day moving average price of GBX 6.93 and a 200 day moving average price of GBX 8.05. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

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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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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