Solgold (OTCMKTS:SLGGF) Reaches New 1-Year High - Here's What Happened

Key Points

• Solgold PLC shares reached a new 52-week high at $0.21 during trading, ultimately closing at $0.19 with a trading volume of 206,600 shares.
• The company has a current ratio of 3.26 and a debt-to-equity ratio of 0.83, indicating strong financial stability.
• Solgold primarily focuses on exploring and developing mineral properties for copper, gold, silver, and molybdenum, with its flagship project being the Cascabel Project in Ecuador.

Solgold PLC (OTCMKTS:SLGGF - ) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $0.21 and last traded at $0.19, with a volume of 206600 shares trading hands. The stock had previously closed at $0.19.

Solgold Stock Performance

The company's 50 day simple moving average is $0.12 and its 200-day simple moving average is $0.10. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

About Solgold

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.

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