SolGold (LON:SOLG) Share Price Passes Below 200-Day Moving Average of $17.27

SolGold Plc (LON:SOLGGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 17.27 ($0.21) and traded as low as GBX 16.22 ($0.20). SolGold shares last traded at GBX 16.64 ($0.21), with a volume of 3,837,998 shares traded.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued a “buy” rating and set a GBX 65 ($0.81) price target on shares of SolGold in a research report on Monday, March 20th.

SolGold Stock Up 1.0 %

The company has a quick ratio of 2.30, a current ratio of 4.11 and a debt-to-equity ratio of 44.71. The stock has a market cap of £498 million, a PE ratio of -14.42 and a beta of 1.00. The business has a 50 day moving average price of GBX 18.43 and a 200 day moving average price of GBX 17.27.

About SolGold

(Get Rating)

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Alpala project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.

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