SolGold (LON:SOLG) Shares Pass Above Fifty Day Moving Average – What’s Next?

SolGold Plc (LON:SOLG)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 25.37 and traded as high as GBX 28.10. SolGold shares last traded at GBX 28, with a volume of 27,013,633 shares changing hands.

Analysts Set New Price Targets

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

SolGold Stock Performance

The stock has a market cap of £844.30 million, a PE ratio of -14.03 and a beta of 1.20. The firm’s 50-day moving average is GBX 25.37 and its 200 day moving average is GBX 17.71. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

SolGold Company Profile

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.