San Lorenzo Gold (CVE:SLG) Shares Up 68.8% – Still a Buy?

San Lorenzo Gold Corp. (CVE:SLG)’s share price shot up 68.8% during trading on Tuesday . The stock traded as high as C$2.18 and last traded at C$2.11. 1,527,413 shares changed hands during trading, an increase of 408% from the average session volume of 300,957 shares. The stock had previously closed at C$1.25.

Key Headlines Impacting San Lorenzo Gold

Here are the key news stories impacting San Lorenzo Gold this week:

• Positive Sentiment: San Lorenzo reported five sections of visible mineralization totalling 222.4 metres in the first hole of its current drill program — a headline that markets typically view as a positive sign for potential resource expansion. Article Title
• Neutral Sentiment: Assay results and additional holes are required to confirm grades, continuity and economic significance; the company has only reported visual/mineralized intervals from a single hole so far, so uncertainty remains until lab assays and further drilling are released.

San Lorenzo Gold Stock Up 68.8%

The company has a market cap of C$169.14 million, a price-to-earnings ratio of -211.00 and a beta of -1.16. The business has a 50-day simple moving average of C$0.88 and a two-hundred day simple moving average of C$0.65. The company has a quick ratio of 0.03, a current ratio of 0.75 and a debt-to-equity ratio of 54.08.

About San Lorenzo Gold

San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile. The company is headquartered in Calgary, Canada.