San Lorenzo Gold (CVE:SLG) Trading Up 13.3% – Here’s Why

San Lorenzo Gold Corp. (CVE:SLG) shares shot up 13.3% during mid-day trading on Thursday . The company traded as high as C$6.67 and last traded at C$6.65. 143,889 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 223,554 shares. The stock had previously closed at C$5.87.

San Lorenzo Gold Price Performance

The company has a market capitalization of C$718.90 million, a PE ratio of -220.67 and a beta of -0.12. The company has a debt-to-equity ratio of 54.08, a current ratio of 0.75 and a quick ratio of 0.03. The company’s 50 day simple moving average is C$5.46 and its 200 day simple moving average is C$4.50.

Insider Activity

In related news, insider John Aihoshi sold 10,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$6.25, for a total value of C$62,500.00. Following the transaction, the insider directly owned 528,055 shares of the company’s stock, valued at C$3,300,343.75. This trade represents a 1.86% decrease in their position. Insiders own 15.72% of the company’s stock.

San Lorenzo Gold Company Profile

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. The company is headquartered in Calgary, Canada.