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SolGold (LON:SOLG) Stock Price Down 7.8% - Should You Sell?

SolGold logo with Basic Materials background

SolGold Plc (LON:SOLG - Get Free Report) dropped 7.8% during mid-day trading on Wednesday . The stock traded as low as GBX 7.01 ($0.09) and last traded at GBX 7.01 ($0.09). Approximately 8,049,174 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 4,540,123 shares. The stock had previously closed at GBX 7.60 ($0.10).

SolGold Stock Performance

The stock has a fifty day moving average of GBX 6.80 and a 200-day moving average of GBX 7.46. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The stock has a market capitalization of £268.90 million, a PE ratio of -4.39 and a beta of 1.20.

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.

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