Solgold (OTCMKTS:SLGGF) Trading Down 11.1% – Here’s What Happened

Solgold PLC (OTCMKTS:SLGGF)’s stock price fell 11.1% during trading on Wednesday . The company traded as low as $0.3111 and last traded at $0.3111. 83,450 shares changed hands during trading, a decline of 34% from the average session volume of 125,927 shares. The stock had previously closed at $0.35.

Solgold Stock Up 9.0%

The company’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $0.20. The firm has a market capitalization of $1.02 billion, a PE ratio of -34.00 and a beta of 1.21. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.04 and a quick ratio of 2.04.

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