SolGold (LON:SOLG) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

SolGold Plc (LON:SOLG) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 27.73 and traded as high as GBX 28. SolGold shares last traded at GBX 27.90, with a volume of 17,616,281 shares changing hands.

Wall Street Analysts Forecast Growth

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

SolGold Stock Up 0.1%

The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The firm has a market cap of £841.31 million, a price-to-earnings ratio of -13.96 and a beta of 1.20. The firm’s 50 day simple moving average is GBX 27.73 and its two-hundred day simple moving average is GBX 20.58.

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.