SolGold (LON:SOLG) Shares Up 13.1% - What's Next?

Key Points

• SolGold's stock price increased by 13.1% during mid-day trading, reaching GBX 11.30 ($0.15), with a trading volume that surged by 202% compared to its average.
• Insider Paul Smith purchased 41,831 shares for approximately £4,183.10 ($5,552.30), contributing to a total of 185,842 shares acquired by insiders over the last ninety days.
• SolGold focuses on the exploration and development of copper-gold deposits in Ecuador, leveraging its first mover advantage in a promising region of the Andean Copper Belt.

SolGold Plc (LON:SOLG - ) traded 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). 16,444,152 shares changed hands during trading, an increase of 202% from the average session volume of 5,439,694 shares. The stock had previously closed at GBX 9.99 ($0.13).

SolGold Trading Up 13.1%

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 company's fifty day moving average is GBX 7.40 and its 200-day moving average is GBX 7.11. The firm has a market capitalization of £423.79 million, a P/E ratio of -6.91 and a beta of 1.20.

Insider Buying and Selling

In other SolGold news, insider Paul Smith acquired 41,831 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was bought at an average price of GBX 10 ($0.13) per share, for a total transaction of £4,183.10 ($5,552.30). In the last ninety days, insiders have acquired 185,842 shares of company stock worth $1,858,420. 52.84% of the stock is owned by corporate 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.

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