SolGold (LON:SOLG) Hits New 1-Year High - Still a Buy?

Key Points

• SolGold's stock reached a new 52-week high, trading at GBX 13.54 ($0.18), marking a significant increase from the previous closing price of GBX 12.62 ($0.17).
• The company has a market capitalization of £499.02 million and a debt-to-equity ratio of 78.66, indicating relatively high leverage in its capital structure.
• Insider activity shows confidence in the company, with insiders purchasing a total of 185,842 shares valued at approximately $1.86 million over the last ninety days.

SolGold Plc (LON:SOLG - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 13.54 ($0.18) and last traded at GBX 13.54 ($0.18), with a volume of 27208150 shares. The stock had previously closed at GBX 12.62 ($0.17).

SolGold Price Performance

The company's 50-day moving average price is GBX 8 and its two-hundred day moving average price is GBX 7.31. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The company has a market capitalization of £507.05 million, a P/E ratio of -8.27 and a beta of 1.20.

Insider Activity at SolGold

In other news, insider Paul Smith acquired 41,831 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,626.23). Insiders have bought 185,842 shares of company stock valued at $1,858,420 in the last 90 days. Corporate insiders own 52.84% of the company's stock.

About SolGold

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.