San Lorenzo Gold (CVE:SLG) Trading Up 16.2% – Here’s Why

San Lorenzo Gold Corp. (CVE:SLGGet Free Report) shares shot up 16.2% during mid-day trading on Tuesday . The company traded as high as C$0.44 and last traded at C$0.43. 1,075,477 shares changed hands during mid-day trading, an increase of 110% from the average session volume of 512,208 shares. The stock had previously closed at C$0.37.

San Lorenzo Gold Price Performance

The company’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.09. The company has a debt-to-equity ratio of 54.08, a current ratio of 0.75 and a quick ratio of 0.03. The company has a market capitalization of C$30.84 million, a PE ratio of -43.00 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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