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SolGold (LON:SOLG) Stock Price Up 14% - What's Next?

SolGold logo with Basic Materials background

Key Points

  • SolGold Plc's shares surged 14% during trading on Tuesday, reaching a high of GBX 13.54 ($0.18) after closing at GBX 11.30 ($0.15), with trading volume increasing by 588% from average levels.
  • The company's current ratios indicate strong liquidity, with a current ratio of 3.75 and a debt-to-equity ratio of 78.66.
  • Insider transactions have been notable, with insiders buying 185,842 shares valued at $1,858,420 over the last ninety days, indicating confidence in the company.
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SolGold Plc (LON:SOLG - Get Free Report) rose 14% on Tuesday . The stock traded as high as GBX 13.54 ($0.18) and last traded at GBX 12.88 ($0.17). Approximately 38,991,313 shares were traded during trading, an increase of 588% from the average daily volume of 5,669,705 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Stock Up 1.2%

The firm's 50-day simple moving average is GBX 7.87 and its 200-day simple moving average is GBX 7.27. The company has a debt-to-equity ratio of 78.66, a quick ratio of 2.30 and a current ratio of 3.75. The company has a market capitalization of £495.05 million, a price-to-earnings ratio of -8.08 and a beta of 1.20.

Insider Buying and Selling

In other SolGold news, insider Paul Smith purchased 41,831 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average price of GBX 10 ($0.13) per share, with a total value of £4,183.10 ($5,625.47). Insiders acquired 185,842 shares of company stock valued at $1,858,420 over the last three months. 52.84% of the stock is owned by company insiders.

SolGold Company Profile

(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.

See Also

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