SolGold (LON:SOLG) Sets New 52-Week High - Here's Why

Key Points

• SolGold Plc shares reached a new 52-week high at GBX 15.10 ($0.20), marking an increase of 8.9% in trading on Tuesday.
• The company has a market capitalization of £582.58 million and shows positive financial ratios, including a current ratio of 3.75.
• Insider transactions indicate strong confidence, as insiders have acquired 185,842 shares valued at $1,858,420 in the last ninety days, with 52.84% of the stock owned by insiders.

SolGold Plc (LON:SOLG - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 15.04 ($0.20), with a volume of 12945359 shares changing hands. The stock had previously closed at GBX 14.26 ($0.19).

SolGold Stock Down 5.1%

The firm has a market capitalization of £560.31 million, a PE ratio of -9.14 and a beta of 1.20. The company has a fifty day simple moving average of GBX 10.01 and a two-hundred day simple moving average of GBX 7.99. 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 Buying and Selling at SolGold

In other news, insider Paul Smith bought 9,587 shares of the stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of GBX 10 per share, for a total transaction of £958.70. In the last three months, insiders acquired 185,842 shares of company stock valued at $1,858,420. 52.84% of the stock is currently owned by corporate insiders.

SolGold Company Profile

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.