SolGold (LON:SOLG) Shares Up 20% – Still a Buy?

SolGold Plc (LON:SOLG) shares traded up 20% during trading on Wednesday . The company traded as high as GBX 25.65 and last traded at GBX 25.20. 26,601,732 shares changed hands during trading, an increase of 247% from the average session volume of 7,667,941 shares. The stock had previously closed at GBX 21.

Wall Street Analyst Weigh In

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

SolGold Trading Up 8.2%

The company has a market capitalization of £849.54 million, a P/E ratio of -23.58 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 business’s 50-day moving average price is GBX 17.78 and its two-hundred day moving average price is GBX 12.74.

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.