SolGold (LON:SOLG) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

SolGold Plc (LON:SOLG)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 27.73 and traded as high as GBX 28. SolGold shares last traded at GBX 27.90, with a volume of 17,616,281 shares.

Wall Street Analysts Forecast Growth

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

SolGold Stock Up 0.1%

The firm has a 50-day simple moving average of GBX 27.73 and a 200 day simple moving average of GBX 20.58. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The stock has a market capitalization of £841.31 million, a P/E ratio of -13.96 and a beta of 1.20.

About SolGold

SolGold plc is a copper-gold development company focused on advancing the tier-one Cascabel Project in northern Ecuador. Cascabel hosts the Alpala underground porphyry deposit—one of the world’s largest undeveloped copper–gold resources—and the near-surface Tandayama-América (Tandayama) deposit, which provides potential for a complementary open-pit development phase.

SolGold is progressing the next phase of technical studies for Cascabel, while ongoing drilling at Tandayama continues to enhance resource understanding and support near-term development optionality.

Beyond Cascabel, SolGold holds a portfolio of highly prospective exploration targets across Ecuador’s Andean Copper Belt.