SolGold (LON:SOLG) Trading Up 17.8% – Here’s What Happened

by · The Cerbat Gem

Shares of SolGold Plc (LON:SOLG – Get Free Report) shot up 17.8% during mid-day trading on Wednesday . The stock traded as high as GBX 24.90 and last traded at GBX 24.74. 32,469,637 shares traded hands during mid-day trading, an increase of 322% from the average session volume of 7,693,454 shares. The stock had previously closed at GBX 21.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 46 price objective on shares of SolGold in a research report on Monday, November 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 46.

Get Our Latest Report on SolGold

SolGold Trading Up 20.0%

The firm has a fifty day simple moving average of GBX 17.40 and a 200-day simple moving average of GBX 12.56. The firm has a market cap of £756.70 million, a P/E ratio of -21.00 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30.

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.

Read More