Southern Gold (ASX:SAU) Trading Up 6.3%
Shares of Southern Gold Limited (ASX:SAU) were up 6.3% on Friday . The stock traded as high as A$0.17 ($0.12) and last traded at A$0.17 ($0.12), approximately 24,373 shares traded hands during trading. A decline of 39% from the average daily volume of 39,938 shares. The stock had previously closed at A$0.16 ($0.11).
The company has a quick ratio of 1.02, a current ratio of 6.97 and a debt-to-equity ratio of 9.72. The firm’s 50 day simple moving average is A$0.18 and its two-hundred day simple moving average is A$0.18. The stock has a market cap of $15.02 million and a P/E ratio of -0.97.
About Southern Gold (ASX:SAU)
Southern Gold Limited engages in the exploration and production of gold deposits in Australia and South Korea. The company also explores for silver and other mineral deposits. It focuses on developing the Cannon project near Kalgoorlie, Australia; and the Gubong project in South Korea. The company also owns a portfolio of gold projects that are a combination of decommissioned gold mines with orogenic gold mineralization and Greenfield epithermal gold-silver targets in South Korea.
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