San Lorenzo Gold (CVE:SLG) Shares Up 68.8% – Here’s What Happened

San Lorenzo Gold Corp. (CVE:SLG)’s stock price was up 68.8% during trading on Tuesday . The company traded as high as C$2.18 and last traded at C$2.11. Approximately 1,527,413 shares traded hands during mid-day trading, an increase of 408% from the average daily volume of 300,957 shares. The stock had previously closed at C$1.25.

Key San Lorenzo Gold News

Here are the key news stories impacting San Lorenzo Gold this week:

• Positive Sentiment: The company reported that the first hole of its current drilling program returned five mineralized sections totalling 222.4 metres, an early indicator of substantial near-surface mineralization that could support resource expansion and boost project economics. San Lorenzo Cuts 5 Sections of Mineralization Totalling 222.4 Meters in First Hole of Current Drilling Program
• Neutral Sentiment: This is an early result from the program (first hole); follow-up holes, assay confirmations and continuity of mineralization will determine whether these intercepts translate into a meaningful resource increase. Continued drill results and assays are the next catalysts.
• Negative Sentiment: Company fundamentals show liquidity and leverage risks (current ratio 0.75, quick ratio 0.03, debt-to-equity ~54.1), and SLG is not yet profitable (negative P/E), so financing and execution risk remain. Strong drill results help but do not eliminate balance-sheet or funding risks.

San Lorenzo Gold Stock Up 68.8%

The company has a debt-to-equity ratio of 54.08, a current ratio of 0.75 and a quick ratio of 0.03. The business’s fifty day moving average price is C$0.88 and its two-hundred day moving average price is C$0.65. The stock has a market capitalization of C$169.14 million, a PE ratio of -211.00 and a beta of -1.16.

About San Lorenzo Gold

San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile. The company is headquartered in Calgary, Canada.