SolGold Plc (OTCMKTS:SLGGF) Sees Significant Increase in Short Interest

SolGold Plc (OTCMKTS:SLGGF - Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 3,765,600 shares, a growth of 42.7% from the March 31st total of 2,639,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,700 shares, the short-interest ratio is presently 52.5 days.

SolGold Stock Down 8.8 %

Shares of SolGold stock traded down $0.01 during midday trading on Monday, hitting $0.09. The company's stock had a trading volume of 22,500 shares, compared to its average volume of 87,319. SolGold has a 1-year low of $0.01 and a 1-year high of $0.17. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $259.30 million, a P/E ratio of -8.64 and a beta of 0.98. The stock has a 50-day simple moving average of $0.09 and a 200-day simple moving average of $0.09.

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.