SolGold (LON:SOLG) Trading Down 7.8% – Time to Sell?

SolGold Plc (LON:SOLGGet Free Report)’s share price traded down 7.8% during mid-day trading on Tuesday . The company traded as low as GBX 7.01 ($0.09) and last traded at GBX 7.01 ($0.09). 8,049,174 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 4,540,123 shares. The stock had previously closed at GBX 7.60 ($0.10).

SolGold Stock Down 7.8 %

The firm’s fifty day simple moving average is GBX 6.80 and its 200 day simple moving average is GBX 7.55. 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 company has a market cap of £262.90 million, a price-to-earnings ratio of -4.29 and a beta of 1.20.

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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