SolGold (LON:SOLG) Trading 20% Higher – Should You Buy?

SolGold Plc (LON:SOLG)’s share price was up 20% during trading on Thursday . The company traded as high as GBX 25.65 and last traded at GBX 25.20. Approximately 26,601,732 shares were traded during trading, an increase of 247% from the average daily volume of 7,667,941 shares. The stock had previously closed at GBX 21.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 46 price target on shares of SolGold in a report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 46.

SolGold Stock Up 4.5%

The company’s 50 day moving average is GBX 17.57 and its 200 day moving average is GBX 12.65. The company has a market cap of £790.63 million, a PE ratio of -21.94 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

About SolGold

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.