San Lorenzo Gold surged 68.8% on volume spike, but weak financials raise sustainability concerns.

San Lorenzo Gold (CVE:SLG) surged up to 68.8% on Monday, closing at C$2.11 after reaching a high of C$2.18, driven by a 408% spike in trading volume to about 1.5 million shares. The Canadian exploration company, focused on copper and gold in Chile, owns the Salvadora project and has a market cap of C$169 million. Despite strong price momentum and trading above key moving averages, the stock's financial health remains weak, with a negative P/E ratio, high debt-to-equity (54.08), and low liquidity ratios, raising concerns about sustainability. The cause of the rally remains unclear.