San Lorenzo Gold (CVE:SLG) Shares Up 68.8% – Here’s Why

San Lorenzo Gold Corp. (CVE:SLG)’s share price rose 68.8% during mid-day trading on Tuesday . The company traded as high as C$2.18 and last traded at C$2.11. Approximately 1,527,413 shares were traded during mid-day trading, an increase of 408% from the average daily volume of 300,957 shares. The stock had previously closed at C$1.25.

San Lorenzo Gold News Summary

Here are the key news stories impacting San Lorenzo Gold this week:

• Positive Sentiment: San Lorenzo reported five sections of visible mineralization totalling 222.4 metres in the first hole of its current drill program — a headline that markets typically view as a positive sign for potential resource expansion. Article Title
• Neutral Sentiment: Assay results and additional holes are required to confirm grades, continuity and economic significance; the company has only reported visual/mineralized intervals from a single hole so far, so uncertainty remains until lab assays and further drilling are released.

San Lorenzo Gold Stock Up 68.8%

The firm has a 50 day moving average of C$0.88 and a two-hundred day moving average of C$0.65. The stock has a market capitalization of C$169.14 million, a PE ratio of -211.00 and a beta of -1.16. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08.

About San Lorenzo Gold

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.