Solgold (OTCMKTS:SLGGF) Sees Large Volume Increase – Still a Buy?

Shares of Solgold PLC (OTCMKTS:SLGGF) saw an uptick in trading volume on Tuesday . 1,869,195 shares traded hands during mid-day trading, an increase of 0% from the previous session’s volume of 1,861,180 shares.The stock last traded at $0.3715 and had previously closed at $0.3640.

Solgold Price Performance

The firm has a 50-day simple moving average of $0.33 and a 200-day simple moving average of $0.23. The firm has a market cap of $1.09 billion, a P/E ratio of -36.41 and a beta of 1.22. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06.

Solgold (OTCMKTS:SLGGF) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter.

Solgold Company Profile

SolGold plc is a mineral exploration and development company focused on the discovery and advancement of large-scale copper-gold porphyry deposits. Headquartered in Brisbane, Australia, SolGold’s core business is the exploration, resource definition and pre-development planning of its flagship Cascabel project in northern Ecuador. The company’s activities span geological surveying, deep-drilling campaigns and detailed metallurgical studies aimed at de-risking and optimising its deposits for future production.

The centerpiece of SolGold’s portfolio is the Alpala deposit within the Cascabel concession, where systematic drill programmes have delineated a substantial copper-gold resource.