SolGold (LON:SOLG) Stock Price Up 25.9% - Time to Buy?

Key Points

• SolGold Plc's shares saw a significant increase of 25.9%, rising to GBX 14.98 ($0.20) during mid-day trading on Friday.
• Insider transactions indicate strong confidence, as corporate insiders acquired 185,842 shares worth $1.86 million over the last three months.
• The company focuses on the discovery and development of copper-gold deposits in Ecuador, capitalizing on its first mover advantage in a highly prospective region.

Shares of SolGold Plc (LON:SOLG - Get Free Report) were up 25.9% on Friday . The stock traded as high as GBX 15.10 ($0.20) and last traded at GBX 14.98 ($0.20). Approximately 43,666,074 shares traded hands during trading, an increase of 598% from the average daily volume of 6,257,646 shares. The stock had previously closed at GBX 11.90 ($0.16).

SolGold Stock Up 0.4%

The company has a debt-to-equity ratio of 78.66, a current ratio of 3.75 and a quick ratio of 2.30. The company has a market capitalization of £528.05 million, a price-to-earnings ratio of -8.62 and a beta of 1.20. The firm has a 50-day moving average price of GBX 9.06 and a two-hundred day moving average price of GBX 7.66.

Insiders Place Their Bets

In other SolGold news, insider Paul Smith purchased 41,831 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of GBX 10 per share, with a total value of £4,183.10. Over the last three months, insiders purchased 185,842 shares of company stock worth $1,858,420. Corporate insiders own 52.84% of the company's stock.

SolGold Company Profile

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.