San Lorenzo Gold (CVE:SLG) Trading 45.5% Higher – Here’s What Happened

San Lorenzo Gold Corp. (CVE:SLGGet Free Report)’s share price was up 45.5% on Friday . The company traded as high as C$0.10 and last traded at C$0.08. Approximately 505,000 shares changed hands during mid-day trading, an increase of 655% from the average daily volume of 66,845 shares. The stock had previously closed at C$0.06.

San Lorenzo Gold Stock Up 45.5 %

The firm’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.07. The company has a debt-to-equity ratio of 54.08, a quick ratio of 0.03 and a current ratio of 0.75. The company has a market capitalization of C$5.74 million, a price-to-earnings ratio of -8.00 and a beta of 0.43.

About San Lorenzo Gold

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San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile.

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