SolGold (LON:SOLG) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

SolGold Plc (LON:SOLGGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 7.07 ($0.10) and traded as low as GBX 6.99 ($0.09). SolGold shares last traded at GBX 7.10 ($0.10), with a volume of 3,680,395 shares changing hands.

SolGold Stock Performance

The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The business’s fifty day simple moving average is GBX 6.89 and its 200-day simple moving average is GBX 7.06. The firm has a market capitalization of £266.28 million, a PE ratio of -4.34 and a beta of 1.20.

SolGold Company Profile

(Get Free Report)

SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources.

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