Solgold (OTCMKTS:SLGGF) Stock Price Down 6% - Here's Why

Key Points

• Solgold PLC's stock price decreased by 6% to $0.21, with trading volume dropping significantly by 49% compared to the average session volume.
• The company, involved in mineral exploration, primarily focuses on copper, gold, silver, and molybdenum deposits, with its flagship project located in Ecuador.
• Solgold has a strong liquidity position with a quick ratio and current ratio of 3.26 and a debt-to-equity ratio of 0.83.

Shares of Solgold PLC (OTCMKTS:SLGGF - Get Free Report) fell 6% on Monday . The stock traded as low as $0.21 and last traded at $0.21. 62,410 shares changed hands during trading, a decline of 49% from the average session volume of 121,704 shares. The stock had previously closed at $0.23.

Solgold Price Performance

The firm has a fifty day moving average of $0.17 and a two-hundred day moving average of $0.12. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

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.