SolGold (LON:SOLG) Shares Down 2.5% – Here’s Why

SolGold Plc (LON:SOLG)’s share price fell 2.5% during mid-day trading on Thursday . The stock traded as low as GBX 7.50 ($0.09) and last traded at GBX 7.80 ($0.10). 872,049 shares traded hands during trading, a decline of 83% from the average session volume of 5,000,749 shares. The stock had previously closed at GBX 8 ($0.10).

SolGold Stock Down 7.9 %

The company has a quick ratio of 2.30, a current ratio of 0.53 and a debt-to-equity ratio of 78.22. The stock has a market cap of £215.40 million, a PE ratio of -718.00 and a beta of 1.20. The firm has a fifty day moving average of GBX 8.42 and a 200 day moving average of GBX 9.29.

SolGold Company Profile

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.