Short Interest in Solgold PLC (OTCMKTS:SLGGF) Drops By 44.8%

Solgold PLC (OTCMKTS:SLGGF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,170,659 shares, a drop of 44.8% from the December 15th total of 2,118,920 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 554,962 shares, the short-interest ratio is presently 2.1 days. Based on an average daily volume of 554,962 shares, the short-interest ratio is presently 2.1 days. Currently, 0.0% of the shares of the stock are sold short.

Solgold Stock Up 0.3%

SLGGF stock opened at $0.37 on Friday. Solgold has a 52 week low of $0.07 and a 52 week high of $0.44. 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 simple moving average of $0.34 and a 200-day simple moving average of $0.24. The stock has a market capitalization of $1.12 billion, a P/E ratio of -37.37 and a beta of 1.22.

Solgold (OTCMKTS:SLGGF) last posted its quarterly earnings data 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.