SolGold (LON:SOLG) Stock Price Up 10.1% - Still a Buy?

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.

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

SolGold Stock Performance

The stock has a market capitalization of £450.77 million, a P/E ratio of -1,365.45 and a beta of 1.20. The company has a 50 day simple moving average of GBX 10.17 and a 200-day simple moving average of GBX 8.04. The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30.

Insiders Place Their Bets

In other SolGold news, insider Paul Smith acquired 41,831 shares of SolGold stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average cost of GBX 10 per share, for a total transaction of £4,183.10. In the last ninety days, insiders have purchased 185,842 shares of company stock valued at $1,858,420. 4.83% of the stock is currently owned by insiders.

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.