San Lorenzo Gold (CVE:SLG) Stock Jumps 14.1% – Here’s Why

San Lorenzo Gold Corp. (CVE:SLG)’s share price shot up 14.1% during mid-day trading on Monday. The company traded as high as C$6.43 and last traded at C$6.40. Approximately 183,022 shares changed hands during trading, a decline of 15% from the average daily volume of 214,699 shares. The stock had previously closed at C$5.61.

San Lorenzo Gold Price Performance

The stock has a fifty day simple moving average of C$6.36 and a 200-day simple moving average of C$5.12. The stock has a market cap of C$651.59 million, a price-to-earnings ratio of -209.33 and a beta of -0.50. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08.

Insider Activity

In other news, insider John Aihoshi sold 5,000 shares of San Lorenzo Gold stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$5.65, for a total value of C$28,250.00. Following the completion of the transaction, the insider owned 518,055 shares in the company, valued at approximately C$2,927,010.75. The trade was a 0.96% decrease in their ownership of the stock. 15.72% of the stock is owned by company insiders.

San Lorenzo Gold Company Profile

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.