San Lorenzo Gold (CVE:SLG) Trading 14.4% Higher – Here’s Why

San Lorenzo Gold Corp. (CVE:SLG)’s stock price rose 14.4% on Wednesday . The company traded as high as C$3.01 and last traded at C$2.86. Approximately 180,218 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 347,434 shares. The stock had previously closed at C$2.50.

San Lorenzo Gold Stock Performance

The business’s fifty day moving average price is C$2.60 and its 200-day moving average price is C$1.40. The company has a debt-to-equity ratio of 54.08, a quick ratio of 0.03 and a current ratio of 0.75. The stock has a market cap of C$223.65 million, a PE ratio of -279.00 and a beta of -0.96.

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.