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Canaccord Genuity Group Reiterates "Speculative Buy" Rating for SolGold (LON:SOLG)

SolGold logo with Basic Materials background

Key Points

  • Canaccord Genuity Group has reiterated a "speculative buy" rating for SolGold (LON:SOLG), with a price objective of GBX 46, indicating a potential upside of 199.97% from its current price.
  • As of Monday, SolGold's shares opened at GBX 15.34, with a market capitalization of £460.22 million and a debt-to-equity ratio of 78.66.
  • Insiders have recently purchased a total of 185,842 shares valued at approximately $1.86 million over the last three months, indicating confidence in the company's future.
  • Five stocks to consider instead of SolGold.

Canaccord Genuity Group restated their speculative buy rating on shares of SolGold (LON:SOLG - Free Report) in a research report sent to investors on Monday, MarketBeat reports. The firm currently has a GBX 46 target price on the stock.

SolGold Price Performance

Shares of LON SOLG traded up GBX 0.04 during trading on Monday, hitting GBX 15.86. The company had a trading volume of 8,428,243 shares, compared to its average volume of 6,547,775. The company has a market cap of £475.98 million, a P/E ratio of -1,441.82 and a beta of 1.20. SolGold has a 52 week low of GBX 5.54 and a 52 week high of GBX 16.51. The business's 50-day moving average is GBX 10.70 and its 200 day moving average is GBX 8.22. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

Insider Activity

In related news, insider Paul Smith purchased 41,831 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of GBX 10 per share, with a total value of £4,183.10. Insiders acquired a total of 185,842 shares of company stock valued at $1,858,420 over the last quarter. 4.83% of the stock is currently owned by corporate insiders.

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.

Further Reading

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