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San Lorenzo Gold Corp.'s stock surged 28%, closing at C$0.32 despite high debt levels.
San Lorenzo Gold Corp. (CVE:SLG) saw its stock price rise by 28% on Thursday, reaching C$0.36 and closing at C$0.32, up from C$0.25 the previous day.
The trading volume surged by 657%, with 2,387,811 shares traded.
San Lorenzo Gold is an exploration company focusing on copper and gold in Chile, with its main property being the Salvadora project.
Despite the stock increase, the company has a high debt-to-equity ratio of 54.08 and a market capitalization of C$21.51 million.
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Las acciones de San Lorenzo Gold Corp. aumentaron un 28%, cerrando a C$0.32 a pesar de los altos niveles de deuda.