San Lorenzo Gold (CVE:SLG) Stock Jumps 14.1% – Here’s What Happened

San Lorenzo Gold Corp. (CVE:SLG) shot up 14.1% during trading on Monday. The company traded as high as C$6.43 and last traded at C$6.40. Approximately 183,022 shares changed hands during trading, a decline of 15% from the average session volume of 214,699 shares. The stock had previously closed at C$5.61.

San Lorenzo Gold Trading Up 14.1%

The firm has a fifty day moving average of C$6.35 and a two-hundred day moving average of C$5.08. The company has a market cap of C$695.01 million, a PE ratio of -213.33 and a beta of -0.50. The company has a current ratio of 0.75, a quick ratio of 0.03 and a debt-to-equity ratio of 54.08.

Insider Activity

In related news, insider John Aihoshi sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$5.65, for a total transaction of C$28,250.00. Following the sale, the insider directly owned 518,055 shares in the company, valued at approximately C$2,927,010.75. This represents a 0.96% decrease in their position. 15.72% of the stock is currently owned by company insiders.

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.