San Lorenzo Gold (CVE:SLG) Trading 45.5% Higher – Should You Buy?

Shares of San Lorenzo Gold Corp. (CVE:SLGGet Free Report) shot up 45.5% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.08. 505,000 shares traded hands during mid-day trading, an increase of 655% from the average session volume of 66,845 shares. The stock had previously closed at C$0.06.

San Lorenzo Gold Stock Performance

The stock has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The company has a quick ratio of 0.03, a current ratio of 0.75 and a debt-to-equity ratio of 54.08. The company has a market capitalization of C$5.74 million, a P/E ratio of -8.00 and a beta of 0.43.

About San Lorenzo Gold

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San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile.

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