SolGold Plc (LON:SOLG – Get Free Report) shares rose 23% during mid-day trading on Wednesday . The company traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.50 ($0.10). Approximately 21,655,865 shares changed hands during mid-day trading, an increase of 489% from the average daily volume of 3,676,348 shares. The stock had previously closed at GBX 6.10 ($0.08).
SolGold Trading Up 23.0 %
The company has a 50-day simple moving average of GBX 6.93 and a 200 day simple moving average of GBX 8.05. The company has a market capitalization of £281.28 million, a P/E ratio of -4.59 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
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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