SolGold (LON:SOLG) Hits New 52-Week High – Here’s What Happened

Shares of SolGold Plc (LON:SOLG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 20 and last traded at GBX 19.85, with a volume of 76439820 shares. The stock had previously closed at GBX 18.22.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 46 price objective on shares of SolGold in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, SolGold currently has a consensus rating of “Buy” and a consensus price target of GBX 46.

SolGold Stock Up 1.2%

The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The stock has a market cap of £596.35 million, a P/E ratio of -16.55 and a beta of 1.20. The company’s 50 day moving average price is GBX 16.75 and its two-hundred day moving average price is GBX 11.71.

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.