SolGold (LON:SOLG) Share Price Passes Above 50 Day Moving Average - Should You Sell?

SolGold Plc (LON:SOLG - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 16.21 and traded as high as GBX 18. SolGold shares last traded at GBX 17.52, with a volume of 7,750,627 shares.Analyst Upgrades and DowngradesSeparately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 46 target price on shares of SolGold in a research report on Monday, September 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 46.View Our Latest Report on SolGoldSolGold Price PerformanceThe company has a market capitalization of £534.80 million, a price-to-earnings ratio of -14.85 and a beta of 1.20. The company has a quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The company has a 50 day simple moving average of GBX 16.21 and a 200 day simple moving average of GBX 10.98. About SolGold (Get Free Report)SolGold is a leading exploration company focussed on the discovery, definition and development of world-class copper-gold deposits. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world's copper resources.Recommended StoriesFive stocks we like better than SolGoldWhat is a Death Cross in Stocks?Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause MomentHow to trade using analyst ratingsNVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth GameUptrend Stocks Explained: Learn How to Trade Using UptrendsHold Ratings, High Rewards? 3 Stocks That Could Defy ExpectationsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in SolGold Right Now?Before you consider SolGold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SolGold wasn't on the list.While SolGold currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here