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Solgold (OTCMKTS:SLGGF) Trading Down 7.8% - Should You Sell?

Solgold logo with Basic Materials background

Key Points

  • Solgold PLC (OTCMKTS:SLGGF) experienced a significant drop of 7.8%, trading at $0.20, after closing at $0.22, with a trading volume decline of 53% from its average.
  • The company's 50-day and 200-day simple moving averages are $0.15 and $0.11, respectively, indicating a generally low performance trend.
  • Solgold focuses on exploring and developing mineral properties primarily for copper, gold, silver, and molybdenum, with its flagship project located in Ecuador.
  • Interested in Solgold? Here are five stocks we like better.

Solgold PLC (OTCMKTS:SLGGF - Get Free Report) dropped 7.8% during mid-day trading on Thursday . The stock traded as low as $0.20 and last traded at $0.20. Approximately 57,565 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 123,322 shares. The stock had previously closed at $0.22.

Solgold Price Performance

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 quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.83.

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.

Further Reading

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