SolGold (LON:SOLG) Stock Price Passes Below 50-Day Moving Average of $22.09

SolGold plc (LON:SOLG)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $22.09 and traded as low as $21.31. SolGold shares last traded at $21.65, with a volume of 6,532,683 shares trading hands.

SOLG has been the subject of several recent analyst reports. Shore Capital reaffirmed a “not rated” rating on shares of SolGold in a research note on Friday, June 21st. Liberum Capital reaffirmed a “buy” rating on shares of SolGold in a research note on Friday, September 6th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of SolGold in a research note on Friday, October 11th.

The firm’s 50-day moving average is GBX 22.07 and its 200-day moving average is GBX 30.27. The company has a market cap of $393.43 million and a PE ratio of -12.22.

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.

Further Reading: Mutual Funds

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