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SolGold (LON:SOLG) Shares Up 1.3% - Time to Buy?

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SolGold Plc (LON:SOLG - Get Free Report)'s stock price shot up 1.3% during mid-day trading on Friday . The company traded as high as GBX 7.82 ($0.10) and last traded at GBX 7.60 ($0.10). 8,446,425 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 4,045,235 shares. The stock had previously closed at GBX 7.50 ($0.10).

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 stock has a 50 day moving average price of GBX 6.95 and a 200-day moving average price of GBX 7.98. The stock has a market capitalization of £289.15 million, a price-to-earnings ratio of -4.72 and a beta of 1.20.

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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