SolGold (LON:SOLG) Shares Up 15.4% - What's Next?

Key Points

• SolGold Plc shares surged by 15.4% on Monday, reaching a high of GBX 13.54 ($0.18) with a trading volume that increased by 631% compared to its average.
• The company's current ratio stands at 3.75 and it has a market capitalization of £483.05 million, with a P/E ratio of -7.88.
• Insiders purchased a total of 185,842 shares worth $1,858,420 over the last ninety days, indicating strong internal confidence in the company's performance.

SolGold Plc (LON:SOLG - ) shares shot up 15.4% on Monday . The stock traded as high as GBX 13.54 ($0.18) and last traded at GBX 13.04 ($0.17). 41,586,938 shares traded hands during mid-day trading, an increase of 631% from the average session volume of 5,687,125 shares. The stock had previously closed at GBX 11.30 ($0.15).

SolGold Trading Up 14.0%

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 has a market cap of £483.05 million, a P/E ratio of -7.88 and a beta of 1.20. The business's 50-day moving average is GBX 7.40 and its two-hundred day moving average is GBX 7.10.

Insiders Place Their Bets

In other news, insider Paul Smith acquired 9,587 shares of the firm'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 £958.70 ($1,273.00). Insiders have purchased 185,842 shares of company stock worth $1,858,420 in the last ninety days. Company insiders own 52.84% of the company's stock.

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.

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.