SolGold (LON:SOLG) Stock Price Up 18.8% - What's Next?
SolGold Plc (LON:SOLG) shares surged 18.8% on Monday, reaching a high of GBX 7.69 ($0.10) before closing at GBX 7.60 ($0.10). Trading volume increased significantly to 112,590,797 shares, up 1,838% from the average. The company, focused on copper-gold exploration in Ecuador, has a market cap of £269.65 million and a P/E ratio of -4.40. Analysts currently rate SolGold as a Hold, with some suggesting alternative stocks for investment.
SolGold Plc (LON:SOLG - Get Free Report) shares shot up 18.8% on Monday . The stock traded as high as GBX 7.69 ($0.10) and last traded at GBX 7.60 ($0.10). 112,590,797 shares were traded during mid-day trading, an increase of 1,838% from the average session volume of 5,811,014 shares. The stock had previously closed at GBX 6.40 ($0.08).
SolGold Trading Up 2.6 %
The stock has a market capitalization of £269.65 million, a P/E ratio of -4.40 and a beta of 1.20. The stock's 50 day moving average price is GBX 6.80 and its 200-day moving average price is GBX 7.52. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.
About SolGold
(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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