SolGold plc (LON:SOLG) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $20.42 and traded as low as $19.80. SolGold shares last traded at $20.15, with a volume of 656,503 shares changing hands.
A number of brokerages have issued reports on SOLG. Peel Hunt reissued a “buy” rating on shares of SolGold in a report on Tuesday, November 26th. Liberum Capital reissued a “buy” rating on shares of SolGold in a report on Monday, November 25th.
The stock has a fifty day moving average of GBX 20.42 and a 200-day moving average of GBX 26.40. The firm has a market capitalization of $372.03 million and a P/E ratio of -11.19.
SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador.
Further Reading: Limitations of analyzing profit margin
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