Solgold (OTCMKTS:SLGGF) Stock Price Down 5.6% – Here’s What Happened

Solgold PLC (OTCMKTS:SLGGF) traded down 5.6% during mid-day trading on Wednesday . The stock traded as low as $0.3445 and last traded at $0.3445. 4,696,618 shares traded hands during trading, an increase of 279% from the average session volume of 1,239,850 shares. The stock had previously closed at $0.3650.

Solgold Trading Up 1.4%

The stock has a market cap of $1.11 billion, a PE ratio of -37.00 and a beta of 1.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a fifty day moving average price of $0.32 and a 200 day moving average price of $0.22.

Solgold (OTCMKTS:SLGGF) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter.

Solgold Company Profile

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.