SolGold (LON:SOLG) Share Price Crosses Below 200-Day Moving Average – Here’s Why

SolGold Plc (LON:SOLGGet Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 8.43 ($0.11) and traded as low as GBX 6.55 ($0.08). SolGold shares last traded at GBX 6.70 ($0.08), with a volume of 1,293,167 shares.

SolGold Price Performance

The stock has a market capitalization of £247.15 million, a P/E ratio of -4.03 and a beta of 1.20. The business’s 50 day simple moving average is GBX 7.10 and its two-hundred day simple moving average is GBX 8.43. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66.

SolGold Company Profile

(Get Free Report)

SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources.

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