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Solgold (OTCMKTS:SLGGF) Sees Strong Trading Volume - Still a Buy?

Solgold logo with Basic Materials background

Key Points

  • Solgold PLC (OTCMKTS:SLGGF) experienced a significant increase in trading volume, with 339,000 shares traded, marking a 174% rise from the prior session.
  • The stock's last price was $0.22, maintaining its closing value from the previous session with a notable rise in market activity.
  • Solgold is primarily focused on mineral exploration and development in Ecuador, specifically known for its flagship project, the Cascabel Project, which covers approximately 50 square kilometers.
  • MarketBeat previews the top five stocks to own by November 1st.

Solgold PLC (OTCMKTS:SLGGF - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 339,000 shares were traded during trading, an increase of 174% from the previous session's volume of 123,805 shares.The stock last traded at $0.22 and had previously closed at $0.22.

Solgold Stock Performance

The company has a 50 day moving average price of $0.16 and a 200 day moving average price of $0.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.26 and a current ratio of 3.26.

About Solgold

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in Solgold Right Now?

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