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Solgold (OTCMKTS:SLGGF) Shares Gap Down - Here's Why

Solgold logo with Basic Materials background

Key Points

  • Solgold PLC shares gapped down at market open, dropping from a previous close of $0.21 to an opening price of $0.20.
  • The company reported a trading decrease of 5.4% and currently has a debt-to-equity ratio of 0.83.
  • Solgold is a mineral exploration and development company focusing on projects in Ecuador, Australia, Chile, and Solomon Islands, with its flagship project being the Cascabel Project in Ecuador.
  • Interested in Solgold? Here are five stocks we like better.

Solgold PLC (OTCMKTS:SLGGF - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $0.21, but opened at $0.20. Solgold shares last traded at $0.20, with a volume of 20,147 shares.

Solgold Trading Down 5.4%

The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83. The stock's fifty day simple moving average is $0.19 and its 200-day simple moving average is $0.13.

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.

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