SolGold Plc (OTCMKTS:SLGGF) Sees Significant Growth in Short Interest

SolGold Plc (OTCMKTS:SLGGF) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,593,200 shares, an increase of 47.6% from the February 28th total of 1,757,300 shares. Based on an average daily trading volume, of 50,200 shares, the days-to-cover ratio is currently 51.7 days. Approximately 0.1% of the shares of the company are short sold.

SolGold Stock Performance

SolGold stock traded down $0.02 during midday trading on Tuesday, hitting $0.08. 5,111 shares of the company were exchanged, compared to its average volume of 87,549. SolGold has a fifty-two week low of $0.01 and a fifty-two week high of $0.17. The firm has a market capitalization of $240.09 million, a PE ratio of -8.00 and a beta of 1.70. The business has a fifty day simple moving average of $0.09 and a two-hundred day simple moving average of $0.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.75 and a current ratio of 3.75.

SolGold Company Profile

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.