Solgold (OTCMKTS:SLGGF) Shares Gap Down – What’s Next?

Solgold PLC (OTCMKTS:SLGGFGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $0.37, but opened at $0.35. Solgold shares last traded at $0.3715, with a volume of 168,235 shares changing hands.

Solgold Trading Down 1.1%

The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04. The business’s 50-day moving average price is $0.32 and its two-hundred day moving average price is $0.23. The company has a market capitalization of $1.10 billion, a P/E ratio of -36.60 and a beta of 1.22.

Solgold (OTCMKTS:SLGGFGet Free Report) last posted its earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Solgold Company Profile

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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.

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