SolGold plc (OTCMKTS:SLGGF) rose 2.5% during mid-day trading on Wednesday . The stock traded as high as $0.29 and last traded at $0.29, approximately 27,000 shares traded hands during trading. An increase of 228% from the average daily volume of 8,230 shares. The stock had previously closed at $0.28.
Separately, ValuEngine cut shares of SolGold from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.
The company’s 50 day moving average price is $0.28 and its 200-day moving average price is $0.34.
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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