San Lorenzo Gold (CVE:SLG) Stock Price Breaks Above 200 Day Moving Average – Time to Sell?

San Lorenzo Gold Corp. (CVE:SLG)’s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$4.95 and traded as high as C$6.41. San Lorenzo Gold shares last traded at C$6.40, with a volume of 59,962 shares changing hands.

San Lorenzo Gold Stock Performance

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$695.01 million, a price-to-earnings ratio of -213.33 and a beta of -0.50. The company’s 50-day moving average price is C$6.31 and its two-hundred day moving average price is C$4.95.

Insider Buying and Selling

In other news, insider John Aihoshi sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$5.65, for a total value of C$28,250.00. Following the completion of the transaction, the insider owned 518,055 shares of the company’s stock, valued at approximately C$2,927,010.75. This represents a 0.96% decrease in their position. 15.72% of the stock is owned by corporate insiders.

About San Lorenzo Gold

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.