SolGold (LON:SOLG) Stock Price Up 10.7% - Here's Why

Key Points

• SolGold Plc shares increased by 10.7% during trading, reaching GBX 9.69, with a substantial trading volume of approximately 20.98 million shares.
• The company's current market capitalization stands at £363.41 million, with a P/E ratio of -5.93 and a debt-to-equity ratio of 78.66.
• SolGold is focused on the discovery and development of copper-gold deposits in Ecuador, capitalizing on its first mover advantage in the region.

Shares of SolGold Plc (LON:SOLG - Get Free Report) rose 10.7% during mid-day trading on Monday . The company traded as high as GBX 9.80 ($0.13) and last traded at GBX 9.69 ($0.13). Approximately 20,980,186 shares traded hands during trading, an increase of 313% from the average daily volume of 5,084,994 shares. The stock had previously closed at GBX 8.75 ($0.12).

SolGold Stock Up 6.7%

The company has a 50-day moving average price of GBX 7.12 and a 200 day moving average price of GBX 7.01. The firm has a market capitalization of £387.79 million, a PE ratio of -6.33 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30.

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.