SolGold (LON:SOLG) Share Price Passes Above 50 Day Moving Average - Should You Sell?
SolGold Plc's share price has surpassed its 50-day moving average of GBX 16.21, trading at GBX 17.52 with a volume of 7,750,627 shares. Canaccord Genuity maintains a "speculative buy" rating with a target price of GBX 46. The stock holds an average rating of "Buy" and a market cap of £534.80 million. SolGold focuses on copper-gold exploration in Ecuador, a region rich in resources. Despite its current rating, analysts suggest there are better investment options available.
SolGold Plc (LON:SOLG - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 16.21 and traded as high as GBX 18. SolGold shares last traded at GBX 17.52, with a volume of 7,750,627 shares.
Analyst Upgrades and Downgrades
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 Monday, September 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 46.
View Our Latest Report on SolGold
SolGold Price Performance
The company has a market capitalization of £534.80 million, a price-to-earnings ratio of -14.85 and a beta of 1.20. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The company has a 50 day simple moving average of GBX 16.21 and a 200 day simple moving average of GBX 10.98.
About SolGold
(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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