San Lorenzo Gold (CVE:SLG) Stock Price Up 12.9% - Time to Buy?

Key Points

• San Lorenzo Gold Corp. experienced a significant stock price increase of 12.9%, rising from C$0.62 to C$0.70.
• The company holds a market capitalization of C$56.92 million and is focused on exploring for copper and gold in Chile, specifically through its Salvadora project.
• San Lorenzo Gold has a high debt-to-equity ratio of 54.08, indicating potential financial risk in its capital structure.

San Lorenzo Gold Corp. (CVE:SLG - )'s share price rose 12.9% on Thursday . The company traded as high as C$0.71 and last traded at C$0.70. Approximately 282,786 shares changed hands during trading, a decline of 0% from the average daily volume of 283,809 shares. The stock had previously closed at C$0.62.

San Lorenzo Gold Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08. The company's 50-day simple moving average is C$0.43 and its 200-day simple moving average is C$0.31. The stock has a market capitalization of C$56.92 million, a price-to-earnings ratio of -71.00 and a beta of -1.85.

San Lorenzo Gold Company Profile

San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.