San Lorenzo Gold (CVE:SLG) Trading Up 68.8% – Here’s What Happened

San Lorenzo Gold Corp. (CVE:SLG)’s share price shot up 68.8% on Tuesday . The company traded as high as C$2.18 and last traded at C$2.11. 1,527,413 shares traded hands during mid-day trading, an increase of 408% from the average session volume of 300,957 shares. The stock had previously closed at C$1.25.

San Lorenzo Gold News Roundup

Here are the key news stories impacting San Lorenzo Gold this week:

• Positive Sentiment: San Lorenzo reported five sections of visible mineralization totalling 222.4 metres in the first hole of its current drill program — a headline that markets typically view as a positive sign for potential resource expansion. Article Title
• Neutral Sentiment: Assay results and additional holes are required to confirm grades, continuity and economic significance; the company has only reported visual/mineralized intervals from a single hole so far, so uncertainty remains until lab assays and further drilling are released.

San Lorenzo Gold Stock Performance

The company has a market capitalization of C$169.14 million, a price-to-earnings ratio of -211.00 and a beta of -1.16. The stock’s 50 day moving average price is C$0.88 and its 200 day moving average price is C$0.65. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08.

About San Lorenzo Gold

San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile. The company is headquartered in Calgary, Canada.