SolGold (LON:SOLG) Trading Up 20% – Here’s What Happened

by · The Cerbat Gem

Shares of SolGold Plc (LON:SOLG – Get Free Report) were up 20% on Wednesday . The stock traded as high as GBX 25.65 and last traded at GBX 25.20. Approximately 26,601,732 shares traded hands during trading, an increase of 247% from the average daily volume of 7,667,941 shares. The stock had previously closed at GBX 21.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 46 price target 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 stock currently has an average rating of “Buy” and an average price target of GBX 46.

View Our Latest Analysis on SOLG

SolGold Price Performance

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The firm has a market cap of £756.70 million, a price-to-earnings ratio of -21.00 and a beta of 1.20. The stock’s fifty day moving average price is GBX 17.40 and its 200-day moving average price is GBX 12.56.

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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