SolGold (LON:SOLG) Shares Up 10.1% - What's Next?

Key Points

• SolGold Plc shares surged by 10.1% on Tuesday, reaching as high as GBX 15.80 ($0.21) after trading significantly increased by 241% from average session volume.
• The company's quick ratio is 2.30 with a debt-to-equity ratio of 78.66, indicating a healthy liquidity position despite the negative P/E ratio of -9.74.
• Insider Paul Smith purchased 9,587 shares at an average cost of GBX 10, adding to a total of 185,842 shares bought by insiders in the last ninety days.

Shares of SolGold Plc (LON:SOLG - Get Free Report) shot up 10.1% during trading on Tuesday . The stock traded as high as GBX 15.80 ($0.21) and last traded at GBX 15.70 ($0.21). 21,828,953 shares changed hands during trading, an increase of 241% from the average session volume of 6,410,202 shares. The stock had previously closed at GBX 14.26 ($0.19).

SolGold Trading Down 5.1%

The company has a market cap of £560.31 million, a price-to-earnings ratio of -9.14 and a beta of 1.20. The company has a current ratio of 3.75, a quick ratio of 2.30 and a debt-to-equity ratio of 78.66. The firm's 50-day moving average price is GBX 10.01 and its 200 day moving average price is GBX 7.99.

Insider Transactions at SolGold

In other SolGold news, insider Paul Smith purchased 9,587 shares of SolGold stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of GBX 10 per share, with a total value of £958.70. Over the last three months, insiders have acquired 185,842 shares of company stock valued at $1,858,420. Company insiders own 52.84% 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.