Solgold (OTCMKTS:SLGGF) Shares Gap Down – Here’s What Happened

Solgold PLC (OTCMKTS:SLGGFGet Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $0.3780, but opened at $0.35. Solgold shares last traded at $0.35, with a volume of 12,397 shares traded.

Solgold Stock Down 1.1%

The company has a 50 day moving average price of $0.37 and a two-hundred day moving average price of $0.29. The stock has a market cap of $1.10 billion, a PE ratio of -36.80 and a beta of 1.20. 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 Company Profile

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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.

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