San Lorenzo Gold (CVE:SLG) Shares Up 13.3% – Here’s Why

San Lorenzo Gold Corp. (CVE:SLG) shares shot up 13.3% during trading on Thursday . The company traded as high as C$6.67 and last traded at C$6.65. 143,889 shares traded hands during trading, a decline of 36% from the average session volume of 223,554 shares. The stock had previously closed at C$5.87.

San Lorenzo Gold Price Performance

The firm has a market capitalization of C$718.90 million, a PE ratio of -220.67 and a beta of -0.12. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08. The company has a fifty day moving average price of C$5.46 and a two-hundred day moving average price of C$4.50.

Insider Buying and Selling

In other San Lorenzo Gold news, insider John Aihoshi sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$6.25, for a total value of C$62,500.00. Following the completion of the sale, the insider owned 528,055 shares in the company, valued at approximately C$3,300,343.75. The trade was a 1.86% decrease in their ownership of the stock. 15.72% of the stock is currently owned by company insiders.

San Lorenzo Gold Company Profile

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. The company is headquartered in Calgary, Canada.