SolGold (LON:SOLG) Shares Up 13.1% - Here's What Happened

Key Points

• SolGold Plc saw a significant increase in its share price, rising 13.1% to GBX 11.30 ($0.15) on Saturday, with trading volume increasing by 202% compared to average sessions.
• The company has a market cap of £423.79 million and a debt-to-equity ratio of 78.66, indicating financial leverage in its operations.
• Insider transactions indicate confidence in SolGold, with over 185,000 shares purchased by insiders in the last quarter, representing a strong insider ownership of 52.84%.

SolGold Plc (LON:SOLG - )'s stock price rose 13.1% during trading on Saturday . The stock traded as high as GBX 11.30 ($0.15) and last traded at GBX 11.30 ($0.15). Approximately 16,444,152 shares were traded during mid-day trading, an increase of 202% from the average daily volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

SolGold Stock Performance

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 is GBX 7.40 and its two-hundred day moving average is GBX 7.11. The stock has a market cap of £423.79 million, a price-to-earnings ratio of -6.91 and a beta of 1.20.

Insider Buying and Selling

In related news, insider Paul Smith acquired 9,587 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of GBX 10 ($0.13) per share, with a total value of £958.70 ($1,272.50). In the last quarter, insiders have acquired 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is owned by company 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.

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