San Lorenzo Gold (CVE:SLG) Stock Price Up 28% – Here’s Why

Shares of San Lorenzo Gold Corp. (CVE:SLGGet Free Report) rose 28% on Friday . The company traded as high as C$0.36 and last traded at C$0.32. Approximately 2,387,811 shares traded hands during mid-day trading, an increase of 657% from the average daily volume of 315,340 shares. The stock had previously closed at C$0.25.

San Lorenzo Gold Stock Performance

The company has a debt-to-equity ratio of 54.08, a quick ratio of 0.03 and a current ratio of 0.75. The stock’s fifty day moving average is C$0.10 and its two-hundred day moving average is C$0.08. The firm has a market cap of C$21.51 million, a price-to-earnings ratio of -30.00 and a beta of 0.43.

About San Lorenzo Gold

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San Lorenzo Gold Corp., an exploration company, acquires and develops mineral properties in Chile. It primarily explores for copper and gold. Its flagship property is 100% interest hold in the Salvadora project that covers an area of 8,796 hectares located in the Province of Chañaral, III Region, Chile.

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