Solgold (OTCMKTS:SLGGF) Shares Gap Down - Should You Sell?

Key Points

• Solgold PLC shares opened at $0.16 after previously closing at $0.19, indicating a downward gap in stock price.
• The company has a strong liquidity position with a current ratio of 3.26 and a debt-to-equity ratio of 0.83.
• Solgold is focused on mineral exploration, primarily in Ecuador, targeting deposits of copper, gold, silver, and molybdenum.

Solgold PLC (OTCMKTS:SLGGF - )'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $0.19, but opened at $0.16. Solgold shares last traded at $0.18, with a volume of 16,000 shares.

Solgold Stock Performance

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 company's 50 day simple moving average is $0.11 and its 200-day simple moving average is $0.10.

Solgold Company Profile

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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