Solgold (OTCMKTS:SLGGF) Trading 5.3% Higher - Time to Buy?

Key Points

• Solgold PLC shares rose by 5.3% to $0.20 during mid-day trading, which is a notable increase compared to the previous closing price of $0.19.
• The company's average daily trading volume significantly decreased to approximately 1,330 shares, marking a 99% decline from its typical volume of 123,319 shares.
• Solgold primarily focuses on mineral exploration in Ecuador, Australia, Chile, and the Solomon Islands, with its flagship project being the Cascabel Project, which is situated in Northern Ecuador.

Solgold PLC (OTCMKTS:SLGGF - Get Free Report)'s share price traded up 5.3% on Tuesday . The company traded as high as $0.20 and last traded at $0.20. 1,330 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 123,319 shares. The stock had previously closed at $0.19.

Solgold Trading Up 10.0%

The firm's 50-day simple moving average is $0.15 and its 200 day simple moving average is $0.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.26 and a current ratio of 3.26.

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.