San Lorenzo Gold (CVE:SLG) Stock Price Up 178.6% – Time to Buy?

San Lorenzo Gold Corp. (CVE:SLGGet Free Report)’s share price shot up 178.6% during mid-day trading on Tuesday . The company traded as high as C$0.30 and last traded at C$0.20. 3,697,115 shares traded hands during trading, an increase of 2,184% from the average session volume of 161,869 shares. The stock had previously closed at C$0.07.

San Lorenzo Gold Price Performance

The stock’s 50-day moving average price is C$0.09 and its 200 day moving average price is 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 firm has a market capitalization of C$17.93 million, a price-to-earnings ratio of -25.00 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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