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Solgold (OTCMKTS:SLGGF) Shares Gap Up - Should You Buy?

Solgold logo with Basic Materials background

Key Points

  • Solgold PLC shares experienced a gap up, opening at $0.21 after closing at $0.20 before market hours, with a trading volume of 9,000 shares.
  • The company has a significant debt-to-equity ratio of 0.83 and a strong liquidity position, indicated by a current ratio and quick ratio of 3.26.
  • Solgold primarily focuses on mineral exploration and development in countries such as Ecuador and Australia, with its flagship Cascabel Project located in Northern Ecuador.
  • Five stocks to consider instead of Solgold.

Solgold PLC (OTCMKTS:SLGGF - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $0.20, but opened at $0.21. Solgold shares last traded at $0.21, with a volume of 9,000 shares.

Solgold Stock Performance

The firm has a 50 day simple moving average of $0.20 and a 200-day simple moving average of $0.13. 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

(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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