SolGold (LON:SOLG) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

SolGold Plc (LON:SOLGGet Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 9.54 ($0.12) and traded as low as GBX 8.10 ($0.11). SolGold shares last traded at GBX 8.16 ($0.11), with a volume of 3,846,242 shares traded.

SolGold Stock Up 1.8 %

The company has a market capitalization of £249.30 million, a PE ratio of -816.00 and a beta of 1.20. The business’s 50 day simple moving average is GBX 9.54 and its 200 day simple moving average is GBX 9.58. The company has a debt-to-equity ratio of 78.22, a current ratio of 0.53 and a quick ratio of 2.30.

Insider Activity

In other news, insider Nicholas Mather sold 250,000 shares of SolGold stock in a transaction on Monday, August 12th. The stock was sold at an average price of GBX 10 ($0.13), for a total value of £25,000 ($32,421.22). Insiders own 52.84% of the company’s stock.

SolGold Company Profile

(Get Free Report)

SolGold Plc, a mineral exploration and development company, explores for and develops mineral properties in Ecuador, Australia, Chile, and Solomon Islands. The company primarily explores for copper, gold, silver, and molybdenum deposits. Its flagship project is the Cascabel Project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador.

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