SolGold (LON:SOLG) Shares Cross Below 200-Day Moving Average of $33.26
SolGold plc (LON:SOLG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.26 and traded as low as $22.30. SolGold shares last traded at $23.80, with a volume of 2,474,810 shares traded.
SOLG has been the topic of a number of analyst reports. Shore Capital reaffirmed a “not rated” rating on shares of SolGold in a research note on Friday, June 21st. Peel Hunt reaffirmed a “buy” rating on shares of SolGold in a research note on Friday, August 16th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of SolGold in a research note on Friday, September 6th.
The stock has a 50 day simple moving average of GBX 26.91 and a 200 day simple moving average of GBX 33.20. The firm has a market capitalization of $439.42 million and a PE ratio of -13.22.
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.
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