SolGold (LON:SOLG) Stock Price Up 10.7% - Should You Buy?

Key Points

• SolGold Plc's stock surged 10.7% on Monday, reaching a price of GBX 9.69 ($0.13) from a previous close of GBX 8.75 ($0.12).
• Trading volume increased significantly, with approximately 20.98 million shares exchanging hands, a rise of 313% compared to the average volume.
• SolGold is a prominent exploration company focusing on copper-gold deposits in Ecuador, a region noted for its rich mineral resources.

SolGold Plc (LON:SOLG - )'s stock price traded up 10.7% on Monday . The company traded as high as GBX 9.80 ($0.13) and last traded at GBX 9.69 ($0.13). 20,980,186 shares traded hands during trading, an increase of 313% from the average session volume of 5,084,994 shares. The stock had previously closed at GBX 8.75 ($0.12).

SolGold Stock Performance

The firm has a market cap of £363.41 million, a price-to-earnings ratio of -5.93 and a beta of 1.20. The stock's fifty day moving average is GBX 7.07 and its two-hundred day moving average is GBX 6.99. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

SolGold Company Profile

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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