Solgold (OTCMKTS:SLGGF) Shares Down 6.7% – Here’s What Happened

Solgold PLC (OTCMKTS:SLGGF)’s stock price fell 6.7% during mid-day trading on Thursday . The company traded as low as $0.35 and last traded at $0.35. 5,000 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 1,693,892 shares. The stock had previously closed at $0.3750.

Solgold Price Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of -37.05 and a beta of 1.22. The company’s 50 day moving average price is $0.35 and its 200 day moving average price is $0.24. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06.

Solgold (OTCMKTS:SLGGF) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.01) EPS for the quarter.

About Solgold

SolGold plc is a mineral exploration and development company focused on the discovery and advancement of large-scale copper-gold porphyry deposits. Headquartered in Brisbane, Australia, SolGold’s core business is the exploration, resource definition and pre-development planning of its flagship Cascabel project in northern Ecuador. The company’s activities span geological surveying, deep-drilling campaigns and detailed metallurgical studies aimed at de-risking and optimising its deposits for future production.

The centerpiece of SolGold’s portfolio is the Alpala deposit within the Cascabel concession, where systematic drill programmes have delineated a substantial copper-gold resource.