SolGold (LON:SOLG)‘s stock had its “buy” rating reissued by stock analysts at Liberum Capital in a report issued on Thursday, Digital Look reports. They currently have a GBX 39 ($0.51) price target on the stock. Liberum Capital’s price objective would suggest a potential upside of 44.58% from the company’s current price.

Shares of SOLG traded up GBX 1.93 ($0.03) during trading hours on Thursday, reaching GBX 26.98 ($0.35). The company had a trading volume of 9,400,875 shares, compared to its average volume of 4,939,589. The firm has a 50 day simple moving average of GBX 22.27 and a 200-day simple moving average of GBX 30.50. SolGold has a 12-month low of GBX 17.80 ($0.23) and a 12-month high of GBX 43.90 ($0.57). The company has a current ratio of 11.32, a quick ratio of 10.58 and a debt-to-equity ratio of 36.34. The company has a market capitalization of £562.19 million and a price-to-earnings ratio of -29.97.

About SolGold

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 Alpala project that covers an area of approximately 50 square kilometers located in Imbabura province, Northern Ecuador, as well as holds tenements across central and southeast Queensland, Australia and Solomon Islands.

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