SolGold (LON:SOLG) Trading Up 20.5% - What's Next?

SolGold Plc (LON:SOLG - Get Free Report)'s stock price was up 20.5% during trading on Thursday . The stock traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.35 ($0.10). Approximately 29,065,729 shares were traded during trading, an increase of 660% from the average daily volume of 3,824,545 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Up 20.5 %

The company has a market capitalization of £275.65 million, a price-to-earnings ratio of -4.50 and a beta of 1.20. The firm's 50 day moving average price is GBX 6.93 and its two-hundred day moving average price is GBX 8.03. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

About SolGold

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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