SolGold (LON:SOLG) Share Price Passes Above 50 Day Moving Average of $21.49

SolGold plc (LON:SOLG)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.49 and traded as high as $26.25. SolGold shares last traded at $24.40, with a volume of 3,100,029 shares.

A number of brokerages have recently issued reports on SOLG. Peel Hunt reiterated a “buy” rating on shares of SolGold in a research note on Wednesday, July 8th. Liberum Capital dropped their price objective on SolGold from GBX 63 ($0.78) to GBX 58 ($0.71) and set a “buy” rating on the stock in a research note on Wednesday, July 1st.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $517.02 million and a price-to-earnings ratio of -41.58. The business has a fifty day moving average of GBX 21.49 and a two-hundred day moving average of GBX 20.49.

In other SolGold news, insider Jason Ward bought 116,279 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of GBX 22 ($0.27) per share, with a total value of £25,581.38 ($31,480.90).

SolGold Company Profile (LON:SOLG)

SolGold plc, together with its subsidiaries, engages in the exploration of mineral properties in Ecuador, Australia, and Solomon Islands. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers located in Quito, Ecuador.

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