Solgold PLC (OTCMKTS:SLGGF) Short Interest Update

Solgold PLC (OTCMKTS:SLGGF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 1,170,659 shares, a decline of 44.8% from the December 15th total of 2,118,920 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 554,962 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 554,962 shares, the short-interest ratio is presently 2.1 days. Currently, 0.0% of the company’s shares are short sold.

Solgold Trading Down 1.1%

SLGGF traded down $0.00 during midday trading on Thursday, hitting $0.36. 86,000 shares of the company were exchanged, compared to its average volume of 1,989,033. The firm’s 50 day moving average price is $0.33 and its 200-day moving average price is $0.23. Solgold has a 1-year low of $0.07 and a 1-year high of $0.44. The firm has a market capitalization of $1.09 billion, a P/E ratio of -36.40 and a beta of 1.22. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06.

Solgold (OTCMKTS:SLGGF) last announced its earnings results on Friday, November 14th. The company reported ($0.01) earnings per share for the quarter.

About Solgold

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.