SolGold (LON:SOLG) Trading 23% Higher – Here’s What Happened

SolGold Plc (LON:SOLGGet Free Report) shares traded up 23% during trading on Wednesday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.50 ($0.10). 21,655,865 shares were traded during mid-day trading, an increase of 489% from the average session volume of 3,676,348 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Trading Up 0.9 %

The business’s 50-day moving average price is GBX 6.93 and its 200 day moving average price is GBX 8.01. The company has a market cap of £283.79 million, a P/E ratio of -4.63 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

About SolGold

(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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