Solgold (OTCMKTS:SLGGF) Trading 4.3% Higher – Time to Buy?

Solgold PLC (OTCMKTS:SLGGF) shares traded up 4.3% during mid-day trading on Friday . The company traded as high as $0.36 and last traded at $0.36. 129,413 shares were traded during trading, an increase of 2% from the average session volume of 126,313 shares. The stock had previously closed at $0.3450.

Solgold Stock Performance

The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $0.30 and a 200 day moving average price of $0.21. The stock has a market cap of $1.07 billion, a PE ratio of -35.64 and a beta of 1.21.

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