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SolGold (LON:SOLG) Reaches New 12-Month High - Still a Buy?

SolGold logo with Basic Materials background

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.
  • Want stock alerts on SolGold? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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 trading hands. The stock had previously closed at GBX 12.62 ($0.17).

SolGold Price Performance

The stock has a 50-day simple moving average of GBX 7.63 and a 200 day simple moving average of GBX 7.18. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The company has a market cap of £499.02 million, a P/E ratio of -8.14 and a beta of 1.20.

Insider Activity

In other SolGold news, insider Paul Smith purchased 41,831 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,561.89). Over the last ninety days, insiders purchased 185,842 shares of company stock valued at $1,858,420. Corporate insiders own 52.84% of the company's stock.

SolGold Company Profile

(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

This 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.

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