SolGold (LON:SOLG) Stock Price Up 20% – Time to Buy?

by · The Cerbat Gem

SolGold Plc (LON:SOLG – Get Free Report) rose 20% on Wednesday . The stock traded as high as GBX 25.65 and last traded at GBX 25.20. Approximately 26,601,732 shares were traded during mid-day 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 Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 46 price objective on shares of SolGold in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 46.

Read Our Latest Report on SolGold

SolGold Price Performance

The company has a market capitalization of £756.70 million, a PE 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. The stock’s 50 day simple moving average is GBX 17.40 and its 200-day simple moving average 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.

Further Reading