SolGold (LON:SOLG) Shares Down 8.3% – Here’s What Happened

by · The Cerbat Gem

SolGold Plc (LON:SOLG – Get Free Report)’s share price fell 8.3% during trading on Friday . The stock traded as low as GBX 25.10 and last traded at GBX 25.85. 60,736,340 shares changed hands during trading, an increase of 617% from the average session volume of 8,475,936 shares. The stock had previously closed at GBX 28.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 46 target price on shares of SolGold in a research note on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, SolGold presently has an average rating of “Buy” and an average target price of GBX 46.

Get Our Latest Stock Report on SolGold

SolGold Trading Down 8.3%

The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The company has a 50-day simple moving average of GBX 20.73 and a 200 day simple moving average of GBX 14.35. The company has a market capitalization of £776.22 million, a P/E ratio of -12.93 and a beta of 1.20.

SolGold Company Profile

(Get Free Report)

SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources.

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