Solgold PLC (OTCMKTS:SLGGF) Sees Significant Increase in Short Interest

Solgold PLC (OTCMKTS:SLGGF) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 17,672 shares, a growth of 6,166.7% from the January 29th total of 282 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 295,707 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 295,707 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Solgold Price Performance

Shares of Solgold stock remained flat at $0.37 during trading hours on Wednesday. The stock had a trading volume of 21,500 shares, compared to its average volume of 793,317. Solgold has a 12 month low of $0.07 and a 12 month high of $0.44. The stock has a market cap of $1.10 billion, a P/E ratio of -36.80 and a beta of 1.20. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a fifty day moving average of $0.37 and a 200 day moving average of $0.29.

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.