SolGold (LON:SOLG) Reaches New 52-Week High - Still a Buy?

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) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 15.10 ($0.20) and last traded at GBX 15.04 ($0.20), with a volume of 12945359 shares traded. The stock had previously closed at GBX 14.26 ($0.19).

SolGold Stock Performance

The company has a market cap of £450.77 million, a price-to-earnings ratio of -1,365.45 and a beta of 1.20. 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 stock has a 50-day moving average price of GBX 10.17 and a 200 day moving average price of GBX 8.05.

Insider Activity

In other news, insider Paul Smith purchased 9,587 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 per share, with a total value of £958.70. Over the last 90 days, insiders bought 185,842 shares of company stock valued at $1,858,420. Company insiders own 4.83% of the company's stock.

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.