SolGold (LON:SOLG) Stock Price Up 21.5% – Should You Buy?

SolGold Plc (LON:SOLG) rose 21.5% during mid-day trading on Wednesday . The company traded as high as GBX 25.52 and last traded at GBX 25.52. Approximately 35,971,020 shares were traded during trading, an increase of 367% from the average daily volume of 7,708,677 shares. The stock had previously closed at GBX 21.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 46 target price on shares of SolGold in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 46.

SolGold Price Performance

The stock has a market capitalization of £756.70 million, a PE ratio of -21.00 and a beta of 1.20. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The firm’s 50 day simple moving average is GBX 17.40 and its 200 day simple moving average is GBX 12.56.

About SolGold

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.