SolGold (LON:SOLG) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

SolGold Plc (LON:SOLG)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 16.98 and traded as high as GBX 19.66. SolGold shares last traded at GBX 19.50, with a volume of 4,467,565 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 46 target price on shares of SolGold in a research report on Monday, November 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, SolGold has an average rating of “Buy” and an average target price of GBX 46.

SolGold Price Performance

The firm has a market capitalization of £565.72 million, a PE ratio of -15.70 and a beta of 1.20. The business has a 50-day moving average of GBX 16.98 and a 200 day moving average of GBX 12.01. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66.

SolGold Company Profile

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.