SolGold (LON:SOLG) Shares Down 8.3% – What’s Next?

by · The Markets Daily

SolGold Plc (LON:SOLG – Get Free Report)’s stock price was down 8.3% during mid-day trading on Friday . The stock traded as low as GBX 25.10 and last traded at GBX 25.85. Approximately 60,736,340 shares were traded during trading, an increase of 617% from the average daily volume of 8,475,936 shares. The stock had previously closed at GBX 28.20.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 46 price target on shares of SolGold in a research note on Thursday, November 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, SolGold has a consensus rating of “Buy” and a consensus target price of GBX 46.

View Our Latest Analysis on SolGold

SolGold Trading Down 8.3%

The stock has a 50-day moving average of GBX 20.73 and a 200 day moving average of GBX 14.35. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The stock has a market cap of £776.22 million, a PE ratio of -12.93 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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