Solgold (OTCMKTS:SLGGF) Sees Strong Trading Volume – What’s Next?

Solgold PLC (OTCMKTS:SLGGF) shares saw unusually-high trading volume on Tuesday . Approximately 584,944 shares were traded during trading, an increase of 343% from the previous session’s volume of 132,113 shares.The stock last traded at $0.37 and had previously closed at $0.3670.

Solgold Stock Performance

The company has a fifty day moving average price of $0.30 and a two-hundred day moving average price of $0.21. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -36.50 and a beta of 1.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04.

Solgold (OTCMKTS:SLGGF) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter.

About Solgold

SolGold plc is a mineral exploration and development company focused on the discovery and advancement of large-scale copper-gold porphyry deposits. Headquartered in Brisbane, Australia, SolGold’s core business is the exploration, resource definition and pre-development planning of its flagship Cascabel project in northern Ecuador. The company’s activities span geological surveying, deep-drilling campaigns and detailed metallurgical studies aimed at de-risking and optimising its deposits for future production.

The centerpiece of SolGold’s portfolio is the Alpala deposit within the Cascabel concession, where systematic drill programmes have delineated a substantial copper-gold resource.