San Lorenzo Gold (CVE:SLG) Shares Pass Above 200 Day Moving Average – Should You Sell?

San Lorenzo Gold Corp. (CVE:SLG)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.46 and traded as high as C$5.99. San Lorenzo Gold shares last traded at C$5.88, with a volume of 173,911 shares.

San Lorenzo Gold Trading Down 5.2%

The company has a market cap of C$638.54 million, a P/E ratio of -196.00 and a beta of -0.12. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08. The business has a 50 day moving average price of C$5.42 and a 200-day moving average price of C$4.49.

Insiders Place Their Bets

In other San Lorenzo Gold news, insider John Aihoshi sold 10,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$6.25, for a total transaction of C$62,500.00. Following the sale, the insider directly owned 528,055 shares of the company’s stock, valued at approximately C$3,300,343.75. This represents a 1.86% decrease in their ownership of the stock. Insiders own 15.72% of the company’s stock.

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.