Solgold (OTCMKTS:SLGGF) Stock Price Up 6% – Should You Buy?

Solgold PLC (OTCMKTS:SLGGF)’s share price was up 6% during trading on Wednesday . The stock traded as high as $0.39 and last traded at $0.39. Approximately 23,598 shares were traded during trading, a decline of 99% from the average daily volume of 1,913,967 shares. The stock had previously closed at $0.3680.

Solgold Trading Down 1.8%

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 firm has a market cap of $1.10 billion, a PE ratio of -36.70 and a beta of 1.22. The stock has a 50-day simple moving average of $0.34 and a two-hundred day simple moving average of $0.24.

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

About Solgold

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.