SolGold (OTCMKTS:SLGGF) Shares Up 8% – Should You Buy?

SolGold Plc (OTCMKTS:SLGGFGet Free Report) rose 8% on Wednesday . The stock traded as high as $0.11 and last traded at $0.11. Approximately 1,000 shares changed hands during trading, a decline of 99% from the average daily volume of 112,515 shares. The stock had previously closed at $0.10.

SolGold Trading Down 15.0 %

The business has a 50 day simple moving average of $0.11 and a 200-day simple moving average of $0.12. The stock has a market capitalization of $255.09 million, a price-to-earnings ratio of -10.00 and a beta of 1.64. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.79.

About SolGold

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SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.

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