SolGold (LON:SOLG) Shares Up 20% – Still a Buy?

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 46 price target on shares of SolGold in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 46.

SolGold Trading Up 20.0%

The stock has a 50-day moving average of GBX 17.57 and a 200 day moving average of GBX 12.65. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The stock has a market cap of £756.70 million, a PE ratio of -21.00 and a beta of 1.20.

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.