SolGold (LON:SOLG) Trading 10.7% Higher - Time to Buy?

Key Points

• SolGold Plc shares rose by 10.7% on trading Monday, reaching a high of GBX 9.80 ($0.13) and significantly increasing trading volume by 313% compared to average daily volumes.
• The company has a market capitalization of £363.41 million and a negative price-to-earnings ratio of -5.93, indicating challenges in profitability.
• SolGold is focused on exploring copper-gold deposits in Ecuador, which is known for its rich resources in the Andean Copper Belt.

SolGold Plc (LON:SOLG - )'s stock price rose 10.7% during 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 were traded 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 10.7%

The firm's 50 day simple moving average is GBX 7.12 and its 200-day simple moving average is GBX 7.01. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The stock has a market capitalization of £363.41 million, a price-to-earnings ratio of -5.93 and a beta of 1.20.

About SolGold

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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