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Solgold (OTCMKTS:SLGGF) Stock Price Down 5.1% - What's Next?

Solgold logo with Basic Materials background

Key Points

  • Solgold PLC's stock price dropped by 5.1%, trading as low as $0.19, which is a significant decline in trading volume, decreasing by 95% from its average session volume.
  • The company's current and quick ratios stand at 3.26, indicating a strong liquidity position despite the drop in stock price.
  • Solgold focuses on mineral exploration, primarily for copper, gold, silver, and molybdenum, with its flagship project being the Cascabel Project in Ecuador.
  • MarketBeat previews top five stocks to own in October.

Solgold PLC (OTCMKTS:SLGGF - Get Free Report)'s stock price was down 5.1% during trading on Wednesday . The stock traded as low as $0.19 and last traded at $0.19. Approximately 10,000 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 183,515 shares. The stock had previously closed at $0.20.

Solgold Stock Up 16.0%

The company has a debt-to-equity ratio of 0.83, a current ratio of 3.26 and a quick ratio of 3.26. The company's 50 day moving average is $0.13 and its 200 day moving average is $0.10.

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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