San Lorenzo Gold (CVE:SLG) Shares Up 68.8% – Here’s What Happened

San Lorenzo Gold Corp. (CVE:SLG) shot up 68.8% during mid-day trading on Tuesday . The stock traded as high as C$2.18 and last traded at C$2.11. 1,527,413 shares traded hands during trading, an increase of 408% from the average session volume of 300,957 shares. The stock had previously closed at C$1.25.

San Lorenzo Gold Price Performance

The business’s fifty day moving average price is C$0.95 and its 200 day moving average price is C$0.68. The stock has a market cap of C$193.19 million, a P/E ratio of -241.00 and a beta of -1.16. The company has a debt-to-equity ratio of 54.08, a current ratio of 0.75 and a quick ratio of 0.03.

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.