Solgold (OTCMKTS:SLGGF) Sees Large Volume Increase - Here's Why

Key Points

• Solgold PLC (OTCMKTS:SLGGF) experienced a 43% increase in trading volume, with approximately 153,645 shares trading hands on Friday.
• The company's stock price saw a decline of 5.6%, dropping from a close of $0.18 to $0.17.
• Solgold is primarily engaged in the exploration and development of mineral resources in multiple regions, including Ecuador, with its flagship project being the Cascabel Project.

Shares of Solgold PLC (OTCMKTS:SLGGF - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 153,645 shares traded hands during mid-day trading, an increase of 43% from the previous session's volume of 107,438 shares.The stock last traded at $0.17 and had previously closed at $0.18.

Solgold Stock Performance

The firm has a 50 day moving average price of $0.11 and a 200 day moving average price of $0.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26.

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.