SolGold (LON:SOLG) Shares Up 24.1% – Here’s What Happened

SolGold Plc (LON:SOLG) shot up 24.1% during mid-day trading on Wednesday . The stock traded as high as GBX 8.28 ($0.11) and last traded at GBX 7.57 ($0.10). 22,300,201 shares were traded during mid-day trading, an increase of 504% from the average session volume of 3,689,234 shares. The stock had previously closed at GBX 6.10 ($0.08).

SolGold Stock Performance

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 firm has a market capitalization of £282.78 million, a price-to-earnings ratio of -4.61 and a beta of 1.20. The firm has a 50 day moving average price of GBX 6.93 and a 200-day moving average price of GBX 8.01.

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.