Solgold (OTCMKTS:SLGGF) Stock Price Down 8.7% - Time to Sell?

Key Points

• Solgold PLC shares dropped 8.7% during trading on Friday, reaching a low of $0.24, which is a decline from the previous close of $0.26.
• The trading volume was approximately 22,190 shares, marking an 82% decline from the average daily volume of 125,720 shares.
• Solgold primarily focuses on exploring and developing mineral properties, particularly for copper, gold, silver, and molybdenum, with its key project located in Ecuador.

Shares of Solgold PLC (OTCMKTS:SLGGF - ) dropped 8.7% during trading on Friday . The stock traded as low as $0.24 and last traded at $0.24. Approximately 22,190 shares changed hands during trading, a decline of 82% from the average daily volume of 125,720 shares. The stock had previously closed at $0.26.

Solgold Trading Down 8.7%

The firm has a fifty day moving average price of $0.21 and a 200 day moving average price of $0.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.03 and a current ratio of 2.03.

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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