SolGold (LON:SOLG) Stock Crosses Above 50 Day Moving Average – Time to Sell?

SolGold Plc (LON:SOLG) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 24.12 and traded as high as GBX 27.85. SolGold shares last traded at GBX 27.79, with a volume of 35,941,141 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 46 price target on shares of SolGold in a research note on Thursday, November 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, SolGold has a consensus rating of “Buy” and a consensus price target of GBX 46.

SolGold Stock Down 0.1%

The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The company has a market cap of £834.02 million, a price-to-earnings ratio of -13.89 and a beta of 1.20. The stock has a fifty day moving average price of GBX 24.12 and a two-hundred day moving average price of GBX 16.90.

SolGold Company Profile

SolGold plc is a copper-gold development company focused on advancing the tier-one Cascabel Project in northern Ecuador. Cascabel hosts the Alpala underground porphyry deposit—one of the world’s largest undeveloped copper–gold resources—and the near-surface Tandayama-América (Tandayama) deposit, which provides potential for a complementary open-pit development phase.

SolGold is progressing the next phase of technical studies for Cascabel, while ongoing drilling at Tandayama continues to enhance resource understanding and support near-term development optionality.

Beyond Cascabel, SolGold holds a portfolio of highly prospective exploration targets across Ecuador’s Andean Copper Belt.