SolGold (LON:SOLG) Shares Cross Above 50-Day Moving Average – What’s Next?

SolGold Plc (LON:SOLGGet Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 7.01 ($0.09) and traded as high as GBX 7.04 ($0.09). SolGold shares last traded at GBX 6.58 ($0.09), with a volume of 5,778,437 shares traded.

SolGold Price Performance

The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The firm has a market cap of £255.40 million, a price-to-earnings ratio of -4.17 and a beta of 1.20. The company’s 50-day moving average is GBX 7 and its 200-day moving average is GBX 7.82.

SolGold Company Profile

(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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