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SolGold (LON:SOLG) Trading Up 28.3% - Time to Buy?

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SolGold Plc (LON:SOLG - Get Free Report)'s stock price rose 28.3% on Wednesday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.83 ($0.10). Approximately 13,758,755 shares changed hands during mid-day trading, an increase of 291% from the average daily volume of 3,518,406 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Trading Up 27.5 %

The stock has a 50-day simple moving average of GBX 6.93 and a two-hundred day simple moving average of GBX 8.05. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The firm has a market cap of £291.70 million, a PE ratio of -4.76 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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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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