Solgold (OTCMKTS:SLGGF) Stock Price Down 6.7% – Should You Sell?
by Danessa Lincoln · The Markets DailySolgold PLC (OTCMKTS:SLGGF – Get Free Report)’s stock price was down 6.7% on Thursday . The stock traded as low as $0.35 and last traded at $0.35. Approximately 5,000 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,693,892 shares. The stock had previously closed at $0.3750.
Solgold Stock Performance
The stock’s 50-day simple moving average is $0.35 and its 200 day simple moving average is $0.24. The company has a market capitalization of $1.11 billion, a PE ratio of -37.05 and a beta of 1.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.04 and a current ratio of 2.04.
Solgold (OTCMKTS:SLGGF – Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter.
Solgold Company Profile
SolGold plc is a mineral exploration and development company focused on the discovery and advancement of large-scale copper-gold porphyry deposits. Headquartered in Brisbane, Australia, SolGold’s core business is the exploration, resource definition and pre-development planning of its flagship Cascabel project in northern Ecuador. The company’s activities span geological surveying, deep-drilling campaigns and detailed metallurgical studies aimed at de-risking and optimising its deposits for future production.
The centerpiece of SolGold’s portfolio is the Alpala deposit within the Cascabel concession, where systematic drill programmes have delineated a substantial copper-gold resource.