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SolGold (LON:SOLG) Shares Up 13.1% - Time to Buy?

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's shares increased by 13.1% during mid-day trading, reaching GBX 11.30 ($0.15) with a trading volume that was 202% above the average.
  • The company has a market cap of £423.79 million and notable financial indicators include a negative PE ratio of -6.91 and a high debt-to-equity ratio of 78.66.
  • Insider transactions indicate confidence, as insiders purchased a total of 185,842 shares valued at $1,858,420 over the last ninety days, with 52.84% of the shares owned by insiders.
  • MarketBeat previews the top five stocks to own by September 1st.

SolGold Plc (LON:SOLG - Get Free Report) rose 13.1% during mid-day trading on Saturday . The company 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 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 Trading Up 13.1%

The stock has a market cap of £423.79 million, a PE ratio of -6.91 and a beta of 1.20. The company's 50-day moving average price is GBX 7.40 and its 200 day moving average price is GBX 7.11. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75.

Insider Transactions at SolGold

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

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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