SolGold (LON:SOLG) Share Price Passes Above 50 Day Moving Average – Should You Sell?

SolGold Plc (LON:SOLGGet Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 16.21 and traded as high as GBX 18. SolGold shares last traded at GBX 17.52, with a volume of 7,750,627 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 46 price objective on shares of SolGold in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 46.

View Our Latest Stock Analysis on SolGold

SolGold Trading Up 1.4%

The business has a 50 day simple moving average of GBX 16.21 and a two-hundred day simple moving average of GBX 10.98. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The stock has a market cap of £534.80 million, a price-to-earnings ratio of -14.85 and a beta of 1.20.

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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