SolGold (LON:SOLG) Trading 20.5% Higher – Here’s Why

SolGold Plc (LON:SOLG)’s stock price traded up 20.5% on Wednesday . The stock traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.35 ($0.10). 29,065,729 shares changed hands during mid-day trading, an increase of 660% from the average session volume of 3,824,545 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Up 20.5 %

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The company has a market cap of £275.65 million, a PE ratio of -4.50 and a beta of 1.20. The business’s 50 day moving average is GBX 6.93 and its 200-day moving average is GBX 8.03.

SolGold Company Profile

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.