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

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc shares rose by 13.1%, reaching GBX 11.30 ($0.15) during trading, with a trading volume increase of 202% from the average daily volume.
  • The company has a market capitalization of £423.79 million and a P/E ratio of -6.91, indicating losses, as the stock has been trading below its average moving prices.
  • Insider transactions reflect confidence, with insiders acquiring 185,842 shares in the last quarter, representing 52.84% ownership of the company by insiders.
  • MarketBeat previews the top five stocks to own by September 1st.

SolGold Plc (LON:SOLG - Get Free Report) shares were up 13.1% during mid-day 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 traded hands 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 quick ratio of 2.30, a current ratio of 3.75 and a debt-to-equity ratio of 78.66. The company has a 50 day simple moving average of GBX 7.40 and a 200-day simple moving average of GBX 7.10. The stock has a market capitalization of £494.00 million, a price-to-earnings ratio of -8.06 and a beta of 1.20.

Insider Activity at SolGold

In other news, insider Paul Smith acquired 9,587 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was purchased at an average price of GBX 10 ($0.13) per share, for a total transaction of £958.70 ($1,273.00). Insiders purchased a total of 185,842 shares of company stock worth $1,858,420 in the last ninety days. Insiders own 52.84% of the company's stock.

About SolGold

(Get Free Report)

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.

Further Reading

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